Asked by Anonymous
Asked on 05 Jul 2019
Top Contributor (Dec)
The settlement date is the day that the transfer of cash or assets is completed and is usually a few days after the trade is complete - note that in Singapore this is T + 2 (used to be T + 3), and other markets will have different settlement dates.
You'll have to pay by settlement date if you are buying, else your broker has the right to force sell for you and you will have to settle the difference. If you sold, then it's just a matter of waiting for your proceeds minus the costs to appear.
Its the day you have to pay up for the trade you did :)
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.
Adding on the answers, the settlement date is shorter fro mthe date you've purchased the stock. I think that's good because it encourages real ownership instead of contra-trading.
Settlement date means when will the money be deducted. For example, the settlement will say T-2 days, where T refers to the working day you bought the stock. After 2 days, is where the money will be transferred/withdrawn from your bank to pay for the stock, and then you will see this stock appear in your CDP account.
Settlement date = Date when money has been transferred (ie. actual day on which transfer of cash or assets is completed and is usually a few days after the trade was done).
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.
The settlement date is the date when the trade is final. Here is the full information from Investopedia: https://www.investopedia.com/terms/s/settlementdate.asp
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The settlement date is the day that the transfer of cash or assets is completed. It is usually T+2 working days after the day the trade is complete. It is also when the stock is offically under your name
Settlement date is the date that you settle payment for the stocks that you bought! And yes, after you've paid for it, it will appear in your CDP account.