4 ms·
At my bank, if I buy stock, it takes 5 days to clear/settle. Guess they do it by hand haha.
by tiku 4y ago
At my bank, if I buy stock, it takes 5 days to clear/settle. Guess they do it by hand haha.
- dorkwood 4y agoIn my experience, CHESS takes 2-3 business days.
- blitzar 4y agoThe settlement cycle for cash equities in Australia is trade date plus two business days (T+2) from trade. The settlement cycle for the NYSE is two business days after the day the order executes, or T+2 NADAQ T+2 settlement cycle, etc. etc. etc. Thats how it is meant to be.