Series 52: 2.6.1. Special Settlement

Taken from our Series 52 Online Guide

2.6.1. Special Settlement

Special settlement is settlement at a time other than what market norms would expect. It may be sooner or later than regular way settlement. It may occur due to one party failing to deliver their end of the trade, a situation discussed at length in Chapter 9. However, special settlement may also occur by mutual agreement of the buyer and seller. Why would the buyer and seller do this? The buyer may hope that the price on the date of settlement is higher than the price on the date of the trade, whereas the seller may hope the price is lower. Or the buyer may not be able to access the funds (or the seller the securities) in time for regular way settlement. Yet another possible reason is that the buyer has a strategic need for a certain type of securities at

+ Read More

More Series 52 Info

What are people saying?

Create an Account

Since you're reading about Series 52: 2.6.1. Special Settlement, you might also be interested in:

Series 65 - 7.2.1.1. Cash Accounts

SIE - Exercise

Series 66 - 3.6.4.8.1 Accumulation Phase for a Nonqualified Annuity

Series 65 - 3.1.4.1 Shareholder Voting Rights

SIE - 9.2.16.6. Retiring Representatives

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

Solomon adequately prepared me to pass the 52 on my first try. Also, the one time I used the Ask the Professor tool, I received a response promptly. The pre-built study timelines were fantastic, and the ability to access via computer and the iPhone App was crucial. Many thanks to Solomon. I will use you guys again.

Jonathan Bowman Raymond James Ennice, NC

Passed the 52 and 53 within two months thanks to the clarity of Solomon's materials. Great product!

Jonathan Bowman, Raymond James. Ennice, NC

Questions from the exam simulator were pretty similar to the actual series 52 exam, and I felt prepared with the study guide. I will be purchasing the series 53 study materials from Solomon in the near future.

Del Martin, Packerland Brokerage Services. Green Bay, WI

I failed the Series 52 twice and thought my troubles were with retention, but they were with the practice. I used a competitor's materials and it lacked depth and above all else it lacked a large test bank of questions. With Solomon, I went from feeling unable to fully assess all of the answers on the actual exam, to knowing why an answer was right AS WELL AS knowing why the other 3 answers were wrong. This is an underappreciated aspect of test taking that was only achieved through repetition of different questions. Solomon's large test bank was invaluable and the ability to take practice exams with only the questions you previously got wrong is a fantastic addition.

Justin Ratti, Investment Banking, Charlotte, NC

I used Solomon for the Series 52 after failing twice with Kaplan and STC. Solomon was immensely more helpful, simpler to understand, and more accurate than both companies combined. The practice questions were very similar to the ones I saw on the exam and the Ask the Professor feature was quick and helpful. I will be using Solomon for the Series 7 in a few months, and I recommend everyone who need to take a FINRA exam to use Solomon before anything else.

Christopher P, Academy Securities. New York, NY.

I actually initially failed the Series 52 and was left frustrated with the previous exam prep course that I previously took. I took a look at many of your testimonials and thought I would take a chance on Solomon. I was not disappointed. I passed the Series 52 on the second go, and the test was a breeze due to the preparation of your Series 52 exam prep. I couldn't be happier with Solomon. Onward and upward!

Akio Ohtake-Gordon, Piper Sandler & Co. Lakewood, CO.