Aged Fail

What Does Aged Fail Mean?
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.

Related Terms

Clearing house
Fail
SEC
Settlement Date
Trade Date
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