T+3

T+3 definition - finance
Three days after a security has been purchased and the trade settles. Thus T+3 is the trade date plus 3 days and is the typical time it takes for both parties to receive their respective money or securities. The securities industry has a goal to reach T+1 (trade date plus 1 day) by 2004. T+0 indicates settlement at the end of the day.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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