SETTLEMENT DATE Definition

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SETTLEMENT DATE, in securities, is the date agreed upon by the parties to a transaction for the payment of funds and the delivery of securities.

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JOURNAL ENTRY is the beginning of the accounting cycle. Journal entries are the logging of business transactions and their monetary value into the t-accounts of the accounting journal as either debits or credits. Journal entries are usually backed up with a piece of paper; a receipt, a bill, an invoice, or some other direct record of the transaction; making them easy to record and to maintain traceability for each transaction.

HISTORICAL EXCHANGE RATES are just that: The historical data on currency exchange rates.

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