Aged Fail

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	Definition of 'Aged Fail' A fail that has occurred between two or more parties to a securities transactions and has lasted for over 30 days.
	Investopedia explains 'Aged Fail' Aged fails generally occur between firms and clearing houses; they are rarely seen between individual investors. According to SEC Regulations, parties failing to deliver cash or securities in a timely fashion after a transaction has occurred are subject to specific charges when an aged fail occurs.

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Clearing House

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In common trading terms, if a seller does not deliver securities or a buyer does not pay owed funds by the settlement date, then the transaction is said to fail. In a stock exchange, ...
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