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What is the amount to be held in my Usable Fund after I have placed a Buy order?

April 26, 2017buy fund held Placed usable

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What is the amount to be held in my Usable Fund after I have placed a Buy order?

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The amount held after you have placed a Buy order = Order price X Order quantity + Transaction fee (including the brokerage fee and other relevant charges) The amount held when a Buy order is fully / partially executed = Average executed price X executed quantity + Transaction fee (including the brokerage fee and other relevant charges) The fund held will be debited from your settlement account on settlement date (T*+2)