Equity transactions on the ASX generally settle on T+2 (i.e. two trading days after the trade has taken place), although some securities may settle on a deferred basis.
Payment for buy trades and net proceeds from sell trades will be debited or credited directly from/into the client’s nominated bank account. Direct Debits are processed on T+1 and Direct Credits on T+2.
Buy orders and sell orders traded on the same day will be netted against each other. We will direct debit or credit the difference as required.
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