TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

contango day [1 record]

Record 1 2001-11-09

English

Subject field(s)
  • Stock Exchange
OBS

With the introduction of 'Rolling Settlement' this phrase is no longer applicable.

OBS

Rolling settlement: method of settlement for the purchase/sale of shares on the London Stock Exchange, brought in 14th July 1994. Instead of the two/three week account periods, all deals must be settled within ten working days from the date of contract. It is expected that in 1995, the settlement period will be reduced to five working days [Klein, Gerald. Dictionary of Banking. Pitman Publishing, 1995].

French

Domaine(s)
  • Bourse

Spanish

Campo(s) temático(s)
  • Bolsa de valores
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