We'll assume you're an expert on the U.S. Constitution and, by extension, the Bill of Rights and the other amendments...you know, the first amendment (freedom of press, religion, etc.), the fifth amendment (don't talk to the police) and, of course, the twenty-third amendment (we don't have to explain that one, do we?).
The same idea behind Constitutional amendments applies to amendments in the financial world. A contract exists (like the Constitution). The parties want to change the contract ("hey, it looks like you guys forgot to guarantee free speech...let's fix that before we really get going on this government thing"). So amendments are added to the contract to enact the changes.
In business, companies can amend contracts to update information and alter terms. New prices, an updated end date, altered delivery expectations, even things like changed addresses can get worked into the original contract through amendments.
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Finance: What is a regular way contract?1 Views
Finance a la shmoop what is a regular way contract?
alright well for centuries the church has condemned anything but the regular [Men appear in church]
way but then some wise guy posited a question about anything but so then some
wise Torah scribe added an extra letter T there and well everything was a mess [Person wiping letter T out]
and well "regular way" just stopped really being a thing anyway in
finance land regular way simply describes a securities trade when trades
settle regular way, it means that they follow the normal T plus 3, T plus 5, T
plus whatever days that's accorded whatever trade it is they're making a
corporate debt trade well that's usually T plus 3 or 3 days regular way would
imply that the corporate debt will settle in the regular three-day time [Amount owed appears on corporate debt timeline]
period the foreign exchange trade for a stock well that's usually 2 days T plus
2 would be the regular way the basic idea is that there are so many trades
and trade types now that happen in a non regular way because of some weird
restriction or government filing requirement or computer hacking that
happened out there or other global event that precluded things going the au
natural or regular way that noting when something trades regular way [People shouting at trading company]
actually has become a thing like we actually have to call it out when things
happen normally and if you have any questions about what's kosher or not in
regular ways well we suggest you consult your religious scribe or book in
whatever form it comes in it's not our business [Man asking priest questions]
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Materials information is important information pertaining to a securities transaction.
