Cash Settlement Same Day or T+1?

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Hi there! I am enjoying the achievable SIE material. I noticed on the FINRA SIE dump sheet (General Information) It says: “Settlement: Everything = T+1”.

I’m confused by this because I remember learning that regular way settlement is T +1 and cash settlement is T. Has something changed and is the dump sheet up-to-date?

Thanks

2

Hi, good question!

All regular-way settlement is T+1; cash settlement is T (same day).

We’ll update the dump sheet to make this more clear!

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