What is Trade for Trade (T for T) segment?
The T for T segment stands apart from the usual rolling settlement. Here's what sets it apart:
Trade-to-Trade Basics: In the T for T segment, securities undergo a unique kind of settlement. Unlike the typical netting off seen in rolling settlements, T for T insists on settling every single trade individually.
Implications for Traders: Securities that fall under the T for T segment have a specific restriction. Once bought, they can't be resold immediately on the subsequent day. They need to be settled first, which happens on T+1.
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