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Settlement: is a place where people live. A settlement may be as small as a single house in a remote area or as a large as a mega city (a city with over 10 million residents). Site: is the actual location of a settlement on the earth and is composed of the physical characteristics of the landscape specific to the area.

Settlement code that represents a type of money/security activity. For example, 26 is a Deliver Order, 78 is a Payment Order. The date on which the trade settles, usually three business days after the trade date.