baggies and Princess, never had to try trnasferring the money out of my trading account to another bank account, but there would likely be 3 days settlement there.
But I do know that if I sell say $50k worth of stock, I have $50k in my trading account instantly, and can buy $50k worth of another stock straight away, if required this can be done in less than a minute, no waiting around for 3 day for the cash to settle, while commsec makes interest on it on the short term money market.
Princess, I thought that Ausiex ran the NAB trading platform, and thought they also did not have this T+3 problem, sounds like they do?
FMS Price at posting:
14.6¢ Sentiment: None Disclosure: Held
