why do we still have t+3?, page-14

  1. 5,732 Posts.
    I repeat, I know that you can buy more shares or whatever straight away - but you can only do that from within the same trading account.

    I want to be able to take money OUT of that trading account and use it for something else. In this particular case, to put the funds into another trading account. But it could be to do something else with the funds.

    And don't ask why I don't just transfer the shares - it's complicated - but in this case I need to sell the shares in one account not simply transfer the shares from one account to the other :)

    At the moment I'll obviously just be using other funds if I decide to buy the equivalent (in the second trading account) on the same day as I sell them (in trading account 1) and putting up with the cost (eg interest foregone). And I'll probably send a note to the ASX asking them when this is next up for review. HC can't do much about it after all, so I guess I'm really just whingeing after all :D
 
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