T+3
T+3 Finance Definition
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.
T.3
Telecom Definition
