Buy on Monday - t+2 = settlement on Wednesday. Sell on Wednesday...

  1. ALeeG
    592 Posts.
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    21/12/16
    20:04
    Post #: 21498191
    Buy on Monday - t+2 = settlement on Wednesday.
    Sell on Wednesday -t+2 = settlement on Friday. CommSec knows you have money coming in Friday, so offset the amount you owe on Wednesday against it. I haven't this scenario with the same stock - usually buying / selling different ones - but I don't see why it would be different.

    @bthotcop - purely hypothetical. But I can dream... One day I'll be that good....maybe
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