hendrik wrote: ↑Tue Jan 07, 2025 4:20 am
By the way, I find it also confusing how SBI settles stock purchases. They say it takes three days to deliver the assets to the account? I am happy that they only took one day to show up but at any European/US bank the settlement is instantaneous.
Settlements for stock or mutual fund trades have never been instantaneous. The US only last year got it down to T+1 for stock trades. I think your confusion is that some overseas brokerages will display the position in your account before settlement has completed.
hendrik wrote: ↑Tue Jan 07, 2025 4:20 am
By the way, I find it also confusing how SBI settles stock purchases. They say it takes three days to deliver the assets to the account? I am happy that they only took one day to show up but at any European/US bank the settlement is instantaneous.
Settlements for stock or mutual fund trades have never been instantaneous. The US only last year got it down to T+1 for stock trades. I think your confusion is that some overseas brokerages will display the position in your account before settlement has completed.
Mind blown! I always assumed what's shown in my account is already in my account. Thank you!