Daily Settlement Price Law and Legal Definition
According to 17 CFR 41.43 [Title 17 -- Commodity and Securities Exchanges; Chapter I -- Commodity Futures Trading Commission; Part 41 -- Security Futures Products; Subpart E -- Customer Accounts and Margin Requirements], daily settlement price means “with respect to a security future, the settlement price of such security future determined at the close of trading each day, under the rules of the applicable exchange, clearing agency, or derivatives clearing organization.”
