The money from sell trades is settled and transferred in 'real time' into your linked cash account (What is a linked cash account? – Opentrader) on T+2 (trade date plus two business days).
On rare occasions, when a security is trading on a deferred settlement basis, this may take longer than T+2.
Deferred settlement trading most commonly happens on new listings or on securities that have undergone some form of corporate action event. This includes things like a share split or consolidation, which is generally because the Share Registry still needs to finalise the allocations and send out the Holding Statements. If this happens, info can be found by heading to the “Company Info” tab and then the “News” tab.
When trading deferred settlement securities, the money from any sales will only be available in your linked cash account and ready for trading after the deferred settlement period finishes. Deferred settlement trading periods can vary significantly between each occasion. However, the settlement date will be included on your contract note (How do I generate a Contract Note? – Opentrader) for that specific trade (e.g. T + 3).
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