About this document
Trade Value and Settlement Dates Explained by hecha82 is a document available to read on EtoBox.
The document discusses rules for determining value dates of transactions in international securities markets. Rule 221 states that for new issues, the value date is the closing date or third business day after the trade date, whichever is later. Rule 222 states that for transactions on or after the closing date, the value date is the third business day following the trade date. Both rules define a business day as one where settlement systems Cedel, Euroclear and the relevant cash market are open, and requir
- Author
- hecha82
- Language
- EN