Wazua
»
Investor
»
Stocks
»
Settlement Date = T+3
Rank: Member Joined: 7/3/2014 Posts: 245
|
mwekez@ji wrote:The optimist wrote:The optimist wrote:VituVingiSana wrote:Starting 18 March 2011, the Settlement Date will be T+3 [vs T+4]. Good news for traders.
Hopefully, they will go towards T+0 by 2012. I hate waiting for my cash after I sell though have to pay upfront when I want to buy shares! What's the current settlement duration. Forgive my basic question but I need to know how long it should take to credit my bank account(RTGS) after a sale order has gone through. Anyone  After sale order has been excecuted, some brokers insist that the funds take 2 days to clear. After that, the funds sent via RTGS will reflect in your bank account the same day they are sent. Trading space updates instantaneously but a withdrawal takes 48 hrs  In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
|
|
|
Rank: Member Joined: 7/3/2014 Posts: 245
|
mwekez@ji wrote:The optimist wrote:The optimist wrote:VituVingiSana wrote:Starting 18 March 2011, the Settlement Date will be T+3 [vs T+4]. Good news for traders.
Hopefully, they will go towards T+0 by 2012. I hate waiting for my cash after I sell though have to pay upfront when I want to buy shares! What's the current settlement duration. Forgive my basic question but I need to know how long it should take to credit my bank account(RTGS) after a sale order has gone through. Anyone After sale order has been excecuted, some brokers insist that the funds take 2 days to clear. After that, the funds sent via RTGS will reflect in your bank account the same day they are sent. Trading space updates instantaneously but a withdrawal takes 48 hrs In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
|
|
|
Wazua
»
Investor
»
Stocks
»
Settlement Date = T+3
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.