What are the Online Sharetrading settlement terms?

Last Updated: 02 Mar 2016

Trades made on the New Zealand Stock Exchange (NZX) and Austrailian Stock Exchange (ASX) markets will settle two business days after the trade date (T+2). The settlement date is when sale proceeds will be paid to the seller and when the securities are registered into name of the buyer. To ensure your trades settle on time, at the time of placing an order you must have available the securities (when selling) or cleared funds (when buying).

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