Series 26: Specified Settlement Instructions

Taken from our Series 26 Online Guide

Specified Settlement Instructions

While most transactions are settled by regular way settlement, orders may be submitted with non-regular way settlement instructions. Non-regular way settlement must clearly be specified on the confirmation ticket. Settlement instructions will identify the settlement period and the type of settlement to be applied.

For transactions that are settled in cash, the confirmation ticket will stipulate cash settlement instructions, requiring delivery of the securities at the office of the purchaser on the same day a

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