What is the settlement period?
When you place a trade the stock and cash don’t change hands until the settlement date which is normally 2 working days from the day you placed the trade (T+2). This means that if you place a trade to buy stock on Monday you must deliver the payment for it by Wednesday when the stock will be delivered to you. Similarly, if you sell stock on Friday then it will be delivered to the buyer on Monday and you will also receive payment for it on Monday. However, you don’t have to wait until the settlement date to sell shares that you’ve bought.
When you place a trade the stock and cash don’t change hands until the settlement date which is normally 3 working days after the day you placed the trade (T+3). This means that if you place a trade to buy stock you must deliver the payment for it by the settlement day when the stock will be delivered to you (for certificated purchases, you will not recieve the share certificate until some time after the settlement date). Similarly, if you sell stock then it will be delivered to the buyer on the settlement day and you will receive payment for it (for certificated sales you will need to send us the share certificate along with a signed Crest Transfer Form). Standard market settlement is T+3 (3 working days after the trade date) but with a Trading or Trading Plus Account you can trade on Extended Settlement up to T+20 online. You don’t have to wait until the settlement date to sell shares that you’ve bought. You can place a closing deal (a date where the settlement date is the same as fo
