Series 62

Brokerage Office Procedure - Government Securities Settlement Options

Regular way transactions in government securities settle on the next business day or T+1. There are however times when either party to the transaction may request an alternative settlement. Other settlement options include:

  • Cash
  • Next Day
  • Seller’s Option
  • Buyer’s Option
  • RVP / DVP / COD
The settlement options available to investors in government securities are similar to those for corporate and municipal securities. However government securities that are traded on a when issued basis settle the day after the securities are available for delivery.



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