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Settling Securities Transactions, T+2

Feb. 25, 2003

Investors must complete or "settle" their security transactions within two business days. This settlement cycle is known as "T+2," shorthand for "trade date plus two days." 

Click here to read our Investor Bulletin: New “T+2” Settlement Cycle – What Investors Need to Know.

The Office of Investor Education and Advocacy has provided this information as a service to investors.  It is neither a legal interpretation nor a statement of SEC policy.  If you have questions concerning the meaning or application of a particular law or rule, please consult with an attorney who specializes in securities law.