trading via westpac

  1. 31 Posts.
    Hi All,

    I trade via Westpac.

    Bought some OBJ shares on 27-11-2009. Settlement for purchase was the 02-12-2009.

    Sold the OBJ shares on 30-11-2009. Settlement for sale was the 03-12-2009.

    I was expecting to receive the difference between the purchase and sale today (03-12-2009).

    NOTE: On the 30-11-2009, I was high on my windfall and decided to purchase shares in MEL. Settlement for purchase was 03-12-2009. I sold these shares on the 01-12-2009 for another nice little earner. Settlement for sale was 04-12-2009.

    Westpac advises that credit to my savings acct for both sales will be on the 04-12-2009.

    This seems a little silly to me cause to settle, you basically have to wait(and not trade) for 3 days.
 
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