In a regular-way stock transaction, what is the delivery date?

In a regular-way stock transaction, the delivery date is set for the second business day following the contract date. This means that when an investor buys or sells a stock, the transaction is typically settled two business days after the trade is executed. This timeframe allows for necessary administrative processes to occur, such as the transfer of ownership and the clearance of funds. This standard is used for the vast majority of stock transactions in the market, aligning with industry practices designed to promote efficiency and clarity in trading.