Bond futures cash settlement
The settlement date is the date when a trade is final, and the buyer must make payment to the seller while the seller delivers the assets to the buyer. The settlement date for stocks and bonds is usually two business days after the execution date (T+2). For government securities and options, it's the next business day (T+1). Whenever you buy or sell a stock, bond, exchange traded fund, or mutual fund, there are two important dates to understand: the transaction date and the settlement date. 'T' is the transaction date. Contract type Futures contract with a combination of daily cash settlement and delivery of underlying cash instrum ent at fixing Contract base Synthetic Swedish government bond with a maturity of