DEFERRED SETTLEMENT SERVICE
Deferred settlement service ( SRD)
Facility on Euronext that allows market participants to buy or sell shares "on credit", for an additional fee. In a buy trade, the investor does not settle the trade or receive the shares until the end of the month. In a sell trade, the investor does not deliver the shares or receive payment until the last trading day of the month. The facility is known as the SRD (Service de Règlement Différé). NYSE Euronext Glossary