Effective 28 May 2024, the standard settlement cycle for transactions in U.S. securities will be shortened from two business days after the trade date (T+2) to one business day after trading (T+1)
For example: if you execute a trade on Monday (trade date), this transaction will be settled on Tuesday (assume Tuesday is not market holiday).
Please arrange enough funds / securities under the new settlement cycle to ensure the settlements can be done successfully.
For further information, please visit the website of US SEC’s Investor Bulletins:
New “T+1” Settlement Cycle – What Investors Need To Know: Investor Bulletin
https://www.sec.gov/oiea/investor-alerts-and-bulletins/new-t1-settlement-cycle-what-investors-need-know-investor
