Equity options settlement
Quick question. I'm studying for the series 56 exam, and it has conflicting information on equity options settlement. One part of the book says that it's 3 business days after exercise while another part says it's 1 day after exercise. Which is correct?
Options settle T+1. 3 business days for share settled I believe - equities are T+3
http://www.sec.gov/investor/pubs/tplus3.htm
[quote=DebunkingMyths]Options settle T+1. 3 business days for share settled I believe - equities are T+3
http://www.sec.gov/investor/pubs/tplus3.htm[/quote]
Is it 1 business day after the options writer is assigned the notice of exercise? I know that it usually takes about 2 business days for a clearing firm to notify the assignment after the purchaser exercised the contract.
bump
Regular equities are T+3 Options are 1 day
Fuga qui asperiores deserunt illo libero id quisquam. Nobis ab qui perferendis assumenda perferendis. Non officia rerum amet repellat laboriosam ut eveniet. Cupiditate ipsa perspiciatis laborum quia. Voluptatum laudantium sed facilis velit nihil.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...