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I believe that the settlement on the big S&P is a consensus of fair-value
and that this is done on the last trading day of each month, not just at the
end of the quarter.
Carroll
----- Original Message -----
From: "Eric Svendsen" <esvendsen@xxxxxxxx>
To: "OmegaList" <omega-list@xxxxxxxxxx>
Sent: Thursday, April 01, 2004 10:22 AM
Subject: end of quarter settlement
> Is there a special settlement that goes on with the Mutual funds at
quarter
> end?
>
> I saw that the SP was settled marked to fairvalue instead of last tick
> close.
>
> I thought that trade day was shortened by 10 min (Last trade at 1305PST),
> but SP traded to normal close. Did that change?
> Or have I been misinformed?
>
> Regards,
> Eric
>
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