What is the amount to be held in my Purchasing Power after I have placed a Buy order?
The amount held after you have placed a Buy order = Order price X Order quantity + Transaction fee (including the brokerage commission and other costs not charged by the Bank such as stamp duty etc) The amount held when the purchase order is fully executed on the execution date = the order average price X executed quantity + Transaction fee (including the brokerage commission and other costs not charged by the Bank such as stamp duty etc) The fund held will be collected on T* +2 settlement date, while the deposit charge will be collected separately.
