Content Options

Content Options

View Options

long settlement transaction

    79a transaction where a counterparty undertakes to deliver a security, a commodity, or a foreign currency amount against cash, other 89financial instruments, or commodities, or vice versa, at a settlement or delivery date specified by contract that is later than89 the market standard for this particular type of transaction or89 five business days after the date on which the person enters into the transaction, whichever is earlier89.