How Many Business Days? (Small Manual) Flashcards
1
Q
The Settlement Date on cash transactions for securities?
A
Same business day
2
Q
Regular Way settlement on US Government securities?
A
One business day
3
Q
Option premium settlement with the Options Clearing Corporation (OCC)?
A
One business day
4
Q
The relationship of the normal ex-dividend date to the record date?
A
Two business days
5
Q
Regular way settlement for securities other than US Government securities (i.e.- corporate and municipal)?
A
Three business days
6
Q
Cash account purchases must be paid in full according to Regulation T?
A
Five business days
