标题: Trade Date Acc. vs. Settlement Date Acc. [打印本页] 作者: Chuckrox8 时间: 2011-7-13 16:24 标题: Trade Date Acc. vs. Settlement Date Acc.
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?作者: lcai 时间: 2011-7-13 16:24
Not sure, can anyone clarify? Settlement and T+3 sound like the same thing to me.
NO EXCUSES作者: NakedPuts2011 时间: 2011-7-13 16:24
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.作者: mp3bu 时间: 2011-7-13 16:24
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作者: wake2000 时间: 2011-7-13 16:24
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.作者: Windjammer 时间: 2011-7-13 16:24
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.
