What is Settlement Date? | SIE, SERIES7 Exam Prep

The settlement date is when a securities transaction is finalized, ownership officially transfers, and payment is exchanged—typically T+1 (one business day after the trade date) for most securities. 📚 Learn more about Settlement Date and other key terms for your SIE, SERIES7 exam at Open Exam Prep. 🎯 This term appears on: SIE, SERIES7 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Settlement Date definition: https://www.open-exam-prep.com/glossary/settlement-date 💡 Exam Tip: T+1 = current standard. Trade date is when order executes. Settlement date is when ownership transfers. Know the difference! --- #securities #examprep #financeexam #sie #series7