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C
Contractual Settlement Day Accounting (CSDA)
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A securities custody or safe-keeping arrangement between an investor and a custodian under which the investor is credited for all payments due and debited for all payments required on the nominal settlement day-even if the transaction does not actually settle as a result of a failure on the part of the custodian or the counterparty to a transaction. CSDA is usually available in relatively mature markets with good settlement procedures.
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Glossary *
C
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