MEXEM FAQ Tags

settlement

Trading

When will my trades settle?

Forex and Stock trades settle on the second business day (T+2) post-sale, while securities option, index option, future, future option, US Government bond, and USD. CAD Forex pair trades settle the next business day (T+1). Check settlement dates in your Trade Confirmation Report.

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Products

What is the Forex settlement cycle?

Standard settlement period for most currencies is 2 business days (Trade Date plus two business days: T+2), with some pairs such as USD.CAD settling the next business day (Trade Date plus one business days: T+1).In order for a date to be a valid settlement date for a Forex transaction, the central banks for both currencies must be open for settlements. If either currency htlement date, sas a ‘holiday' on the target setettlement is deferred until the next valid business day for both currencies...

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