rolling settlement

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The practice on many stock markets of settling a transaction a fixed number of days after the trade is agreed. On the London Stock Exchange the practice was to have two- or three-week accounts for dealings with a fixed day for settlement after the close of the account. This was replaced in 1994 by a rolling settlement system in which settlement has to be made within a specified number of days of a transaction.

Subjects: Financial Institutions and Services.

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