Questions tagged [settling-and-clearing]
For questions pertaining to the process of changing ownership between parities of assets usually regarding financial assets.
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Settlement Period for options pre 1993
I was reading Settlement Period and wondering what was the settlement duration for options pre 1993. For equity/etf, it seems it was five days.
So for options, was it four days ? , any verifiable ...
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1answer
96 views
Settle stocks on the same day [T] instead of [T+2/3]
Is it possible to have same day settlement on the stock markets by using more efficient processes and technology?
I know that the T+3 settlement was earlier replaced by the T+2 settlement process. ...
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82 views
Using unsettled funds to buy mutual funds in a margin account. Do I need to pay margin interest?
I'm trying to figure out security settling rules.
Say I have a margin account and I own 100 settled shares of ABC stock. I then sell my ABC shares and on the same day I use the unsettled funds from ...
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1answer
164 views
What is the settlement date for ACH?
DTCC requires that equities, municipal debt securities, corporate debt securities, and CDs settle T+2 and US Treasury & Agency debt securities settle T+1.
Is there any strict settlement date for ...
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3answers
300 views
Confusion with settlement time in stocks, forex, futures etc
I've been trading cryptocurrencies for a little while now, and recently I have been looking into stocks, futures and forex etc. During my research, I have run into a subject called settlement times. I ...
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2answers
630 views
What exactly is the difference between a clearing house and a counterparty clearing house?
I know this may sound like a stupid question but I have not yet found an adequate definition of the two that can clearly tell me the difference between them.
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2answers
255 views
Short an option - random assignment?
I'm still really new to options but I'm trying to understand this concept of assignment.
Let’s say I’m short a call of Microsoft at a strike of 80 set to expire in a quarter. Microsoft surges for ...
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1answer
380 views
Settlement of Shares Underlying a Covered Call Option
If I buy 100 shares of XYZ stock one or two minutes before selling one XYZ call option, would this call option be considered "covered", or would it be considered "uncovered" until the 100 shares ...
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2answers
7k views
What is street-side booking?
What is the meaning of the term "street-side bookings" in the context of broker operations? I suspect it has something to do with the Central Counter Party Clearing outlined in https://en.wikipedia....
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96 views
Is my spouse at risk for a joint filing in a year where I have settled a major debt? [closed]
I settled and wrote-off a major debt. This was recorded as 1099-E income. I incurred all of this debt under my name only, and she was not my spouse at the time I got into the debt. She was my ...
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2answers
673 views
Understanding the T + 3 settlement days rule
If I:
Buy X at time T
Sell X at time T' where T' < T +3
Buy Y on T' with proceeds from sale of X.
Cannot sell Y before T' +3.
Ref:http://www.slideshare.net/mring33/using-java
Slide 29
It ...
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1answer
530 views
How to properly understand international wire transfers?
I am having a ridiculous time with international (inwards, to Australian account) wire transfers. They have about a 50% chance of succeeding, and I don't know who is being honest with me when things ...
