Cash / Forward settlement

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1

Imported from previous forum

2

Hello,

I am looking for a tag indicating how a client’s order is to be processed by a broker as regards the settlement delay.

In France, for a few issues, a client (either institutional or private) can choose :

  • either to deliver or take delivery of stocks on the normal basis T+3,
  • or to deliver or take delivery of stocks at the end of the month (old notion of Forward market).

I found the tag n°63 (settlement type) but I have no idea as to the way to use it properly (no notion of "End of the month settlement"…).
Please could you advise?

Thanks for your help
Arnauld

3

Can you simply specify SetllmntTyp(63) = 6 (Future) and FutSettDate(64) = [date of last day of the month]?

> Hello,
>
> I am looking for a tag indicating how a client’s order is to be processed by a broker as regards the settlement delay.
>
> In France, for a few issues, a client (either institutional or private) can choose :
> - either to deliver or take delivery of stocks on the normal basis T+3,
> - or to deliver or take delivery of stocks at the end of the month (old notion of Forward market).
>
> I found the tag n°63 (settlement type) but I have no idea as to the way to use it properly (no notion of “End of the month settlement”…).
> Please could you advise?
>
> Thanks for your help
> Arnauld
>
>