SIE practice questionmediumGovernment Securities Settlement
U.S. Treasury bills typically settle on what basis?
- AT+5
- BT+2
- CT+1✓ Correct answer
- DT+3
Explanation
Why C — T+1
U.S. Treasury bills and other government securities typically settle on a T+1 basis, the same as most other securities since the SEC's 2024 settlement cycle change. New issue T-bills purchased at auction settle on the issue date. The shortened settlement cycle applies broadly across most U.S. securities markets.
Turn it into reps
Reading one answer is not the same as being ready
Lucky the Banker is a free practice app with 1,867+ SIE questions, weak-area tracking, and timed mock exams. No credit card, no paywall.
Related Trading & Settlement questions
- A trade executed with 'cash settlement' terms requires delivery and payment by:
- For tax purposes, when is a securities transaction generally considered to have occurred?
- Under Regulation T, the initial margin requirement for purchasing equity securities is:
- A seller fails to deliver securities by the settlement date. This is known as a: