Trade Reporting, Settlement, and Processing

These pages cover what happens around a trade after execution or just before settlement.

The focus is operational market structure rather than broker account administration.

In this section

• Regular-Way Delivery (and Settlement)
  Regular-Way Delivery (and Settlement) refers to the completion and finalization of a securities transaction at the office of the purchasing broker, typically on the third full business day following the transaction date, as mandated by the New York Stock Exchange.
• Sell Out
  The process by which the sell side sells securities to cover a failed payment by the buy side.
• Trade Date
  Insight into the concept of Trade Date, its importance in financial transactions, comparison with Settlement Date, and related terms in finance.
• Trade Ticket
  A detailed examination of trade tickets, their significance in financial markets, historical context, types, key events, and practical examples.
• WHEN ISSUED
  An in-depth look into 'WHEN ISSUED' securities, focusing on condition-based transactions occurring before the formal issuance of authorized financial instruments, such as stocks, bonds, and U.S. Treasury securities.