On which of the following dates do commercial paper and bankers' acceptances generally settle?

The settlement date for commercial paper and bankers' acceptances is typically T+0, which means that the transaction is settled on the same day it is executed. This immediacy is crucial for these financial instruments as they are often used for short-term funding needs. Commercial paper is issued by corporations to meet short-term liabilities and is usually very liquid, while bankers' acceptances facilitate trade financing and are also designed for quick settlement.

This rapid settlement helps ensure that funds are available without delay, aligning with the time-sensitive nature of the transactions these instruments support. In contrast, other settlement periods, like T+1, T+3, and T+5, are more common in longer-term securities, where additional time for transaction processes is necessary.