T+3

In financial markets T+3 is a shorthand for trade date plus three days indicating when securities transactions must be settled. T+3 means that when a security is purchased, payment and the security's certificate must change hands no later than three business days after the trade is executed.

History

During the 1700s the Amsterdam stock exchange had close links with the London stock exchange and they would often list each other's stocks. To clear the trades, time was required for the physical stock certificate or cash to move from Amsterdam to London and back. This led to standard settlement period of 14 days which was the time it usually took for a courier to make the journey on horseback and by ship. Most exchanges continued to use the same model over the next few hundred years. With the advent of new technology in the 1970s and 1980s there was a move to reduce settlement times and settlement dates in most exchanges reduced to five days known as T+5 then to three days (known as T+3 or Trade date plus three days).

T2

T2, T-2, T₂, T² may refer to:

Computing

Medicine and physiology

Entertainment

Books

Films

Games

Music

T-2 (ISP)

T-2 is the second largest telecommunications provider in Slovenia. It was established on 11 May 2004.

T-2 offers VDSL, FTTH, VoIP, 3G and IPTV connectivity to physical and business residents. T-2 operates its own network infrastructure in major cities in Slovenia. T-2 was the first ISP to offer VDSL and over own FTTH network Triple play services in Slovenia. 3G access is being supplied by Nokia Siemens Networks.

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USS T-2

USS T-2 has been the name of more than one United States Navy ship, and may refer to:

USS Marlin (SST-2)

USS Marlin (SST-2), originally USS T-2 (SST-2), was a T-1-class training submarine in commission from 1953 to 1973. She was the second submarine of the United States Navy to be named for the marlin, a large game fish. She was one of the smallest operational submarines ever built for the U.S. Navy.

Construction and commissioning

T-2 was laid down on 1 May 1952 by the Electric Boat Division of General Dynamics Corporation in Groton, Connecticut. She was launched on 14 October 1953, sponsored by Mrs. William R. DeLoach, and commissioned as USS T-2 on 20 November 1953 with Lieutenant Edward Holt in command.

Service history

After shakedown in the Massachusetts Bay area, T-2, got underway from New London, Connecticut, in late January 1954 for her home port at Naval Station Key West at Key West, Florida. Assigned to Submarine Squadron 12, Submarine Force, United States Atlantic Fleet, she immediately began operations in the sector from southern Florida to Guantánamo Bay, Cuba. For a decade and a half she performed valuable service as a target and training ship and helped to evaluate submarine and antisubmarine warfare equipment and tactics.

USS T-2 (SS-60)

USS T-2 (SS-60) was an AA-1-class submarine built for the United States Navy during World War I.

Construction and career

The boat was laid down as AA-2 on 31 May 1917 at the Fore River Shipbuilding Company yard in Quincy, Massachusetts by the Electric Boat Co. of New York, launched on 6 September 1919, sponsored by Miss Madeline Everett, redesignated SF-2 on 17 July 1920, renamed T-2 on 22 September 1920, and placed in commission at the Boston Navy Yard on 7 January 1922 with Lt. Clarke Withers in command.

T-2 was the last of the three T-boats placed in commission and served actively for only 18 months. Her unique mission was long-range scouting and reconnaissance for the surface fleet. Like her sister ships, she operated in Submarine Division 15, training crews and conducting maneuvers with the Atlantic Fleet. By the fall of 1922, design and construction flaws in the three T-boats had become apparent. As a result, T-2 was decommissioned on 16 July 1923 at the Submarine Base at Hampton Roads, Virginia, and was placed in reserve there. Later, she was moved to Philadelphia. Following seven years of inactivity, T-2 was stricken from the Navy list on 19 September 1930. She was broken up, and her metal was sold for scrap on 20 November 1930.