Settlement Finality
The point at which a transfer becomes irrevocable and unconditional under the governing rules and law.
Market use
A central concept in payment and securities infrastructure.
What it means
The point at which a transfer becomes irrevocable and unconditional under the governing rules and law.
Example
Operational completion and legal finality should not be assumed to be identical without checking system rules.
How to interpret it
This concept should be read together with its market convention, measurement horizon and underlying instrument. BondStats presents it as an analytical reference rather than investment advice; instrument documentation and primary market rules remain authoritative.
Related Conventions
BondStats reference content is independently written. Mathematical relationships, abbreviations and market conventions are presented for educational and analytical use.