BUSINESS DAYS Flashcards
1
Q
SAME BUSINESS DAY
A
The settlement date on cash transactions for securities
2
Q
1 business day
A
Regular way settlement on US GOVERNMENT securities
3
Q
1 BUSINESS DAYS
A
The regular way EX-dividend date precedes the record date for CORPORATE securities
4
Q
2 BUSINESS DAYS
A
Regular way settlement for securities OTHER THAN u.s. government securities
5
Q
4 BUSINESS DAYS
A
Regular way purchases must be paid in full under regulation T (S+2)
