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Aged Fail

 - 2 dictionary results
Financial Dictionary

Aged Fail

A fail that has occurred between two or more parties to a securities transactions and has lasted for over 30 days.

Investopedia Commentary

Aged fails generally occur between firms and clearing houses they are rarely seen between individual investors. According to SEC Regulations, parties failing to deliver cash or securities in a timely fashion after a transaction has occurred are subject to specific charges when an aged fail occurs.

Related Links

The Nitty-Gritty Of Executing A Trade

See also: Clearing house, Fail, SEC, Settlement Date, Trade Date

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Financial Dictionary

aged fail

A contract between broker-dealers that remains unsettled 30 days after the settlement date. A security that is subject to an aged fail may no longer be counted as an asset by the receiving firm.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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