首页 | 学习中心 | 注册 登录
返回列表 发帖
Chuckrox8

Rank: 2

UID
222284 
帖子
304 
主题
67 
注册时间
2011-7-2 
最后登录
2016-4-19 
1# 跳转到 » 倒序看帖
打印
tT
发表于 2011-7-13 16:24 | 只看该作者

Trade Date Acc. vs. Settlement Date Acc.

security, accounting, difference, accounting, difference, between, current, between, security, current
As you know, current GIPS requires trade date accounting and says T, T+1, T+2 and T+3 is OK. What is the difference between settlement date acc. and T+3? Which security is settled later than 3 days?
收藏 分享

lcai

UID
218219 
帖子
592 
主题
150 
注册时间
2011-5-26 
最后登录
2012-9-12 
2#
发表于 2011-7-13 16:24 | 只看该作者
Not sure, can anyone clarify? Settlement and T+3 sound like the same thing to me.

NO EXCUSES

TOP

NakedPuts2011

Rank: 2

UID
222288 
帖子
321 
主题
3 
注册时间
2011-7-2 
最后登录
2015-12-13 
3#
发表于 2011-7-13 16:24 | 只看该作者
The difference is obvious, but GIPS counts T+3 as trade date. I don't know a security which is settled within 4 or more days. Could be relevant for past terms.

TOP

mp3bu

UID
222307 
帖子
669 
主题
24 
注册时间
2011-7-2 
最后登录
2016-1-10 
4#
发表于 2011-7-13 16:24 | 只看该作者
The point here is that trade date could be considered either T+1, T+2 or T+3 under GIPS. But you can only choose one treatment only for all transactions. If you use settlement date it will be accounting inconsistency

TOP

wake2000

Rank: 2

UID
222312 
帖子
415 
主题
5 
注册时间
2011-7-2 
最后登录
2015-12-9 
5#
发表于 2011-7-13 16:24 | 只看该作者
I think it shall mean that maximum 3 days is allowed for the processing of the record but the price recorded shall be the traded price on the trading date.

TOP

Windjammer

Rank: 2

UID
222305 
帖子
379 
主题
21 
注册时间
2011-7-2 
最后登录
2015-12-5 
6#
发表于 2011-7-13 16:24 | 只看该作者
securities can be settled any day really, doesn't have to be normal settlement. And even normal settlement is different for different instruments. So set your trade date methodology and stick with it, GIPS is all about consistency.

TOP

返回列表