facebookIn my CDP account, what does settlement date means? Does it means the day the stock I traded is officially under my name? - Seedly

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Anonymous

18 Jan 2020

Stocks

In my CDP account, what does settlement date means? Does it means the day the stock I traded is officially under my name?

Discussion (12)

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Gabriel Tham

18 Jan 2020

Tag Team Member at Kenichi Tag Team

The date the transaction is settled. It is when you officially paid in cash and receive shares or the official date your shares are sold.

It is the day when you paid for your shares

Pang Zhe Liang

24 Dec 2019

Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)

The settlement date is the date when the trade is final. Here is the full information from Investopedia: https://www.investopedia.com/terms/s/settlement...

Here is everything about me and what I do best.

Date that the transfer of share is completed.

I remember it to be 3 days after trading.

But brokers may extend some credit to you if you have some history with them.

Stock will be under your name after that. ​​​

Its the day you have to pay up for the trade you did :)...

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