What is the standard share adjustment for a 2-for-1 stock split?
QUESTION
What does DK mean in trade processing, and what is its core purpose?
QUESTION
What is the settlement convention for U.S. Treasury securities trades (regular-way)?
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ANSWER
Regular-way settlement is T+1 for U.S. Treasuries. U.S. Treasuries use T+1 settlement due to their high liquidity and to minimize counterparty risk in government securities trading.