Direct Cash Settlement
Definition
What is Direct Cash Settlement?
A market process that sends sale proceeds directly to an investorA person or organisation that commits capital with the expectation of a financial return.'s nominated bank account rather than through a broker's account.
Example in practice
How This Looks in Practice
The shareholderA person or entity that owns one or more shares in a company. activates direct cash settlementSettlement through a cash payment rather than delivery of the underlying asset. for added control.
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Related Terms
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Nigeria's principal securities exchange, where listed shares, bonds, ETFs, and other instruments trade.
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A broad index designed to measure price movements of eligible equities listed on the Nigerian Exchange.
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Nigeria's central securities depository and clearing infrastructure for eligible capital-market securities.
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A pooled investment vehicle that combines money from many investors into one professionally managed portfolio.