Concept Notes· Trading Ops
Settlement & Fails
Settlement is the moment a trade becomes real: securities delivered against cash on the value date. A fail is when one side can't deliver in time. Managing fails — spotting them early, investigating, chasing, partial-settling — is the daily bread of trade-support and settlements teams.
Included with the Trading Ops pack
The full concept notes is part of the Trading Operations & Middle Office pack — a one-time purchase unlocks every concept, coding guide, interview playbook and take-home in this track.
already purchased? sign in →© 2026 DeskPrep. All rights reserved. Licensed for personal interview-preparation use only. Not for redistribution, resale, publication or sharing. Terms & licence.