Fund Operations
Settlement Period
Definition
What is Settlement Period?
The time between a valid transaction and final delivery of cash or securities.
Example in practice
How This Looks in Practice
A redemptionThe process of selling fund units back to the fund in exchange for cash. paid within three business days has a three-day settlement period.
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Related Terms
Fund Operations
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The deadline by which a valid fund instruction must be received for a particular dealing day.
Fund OperationsValuation Point
The specified time at which a fund values its assets and calculates dealing prices.
Fund OperationsForward Pricing
A fund-pricing method under which orders receive a price calculated after the instruction is accepted.
Fixed IncomeBond
A debt security through which an investor lends money to an issuer in return for promised payments.