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Monex - Unreasonably Long Delivery Dates (受渡日)?
Posted: Fri Apr 30, 2021 12:31 am
by Kanto
I opened a Monex account in addition to my Rakuten account to use for taxable investments.
However, the delivery dates for mutual funds seem very slow. It seems to be calculated at 10 business days?
ｅＭＡＸＩＳ Ｓｌｉｍ 全世界株式（オール・カントリー）
分配金の取扱い 分配金再投資コース
運用会社 三菱ＵＦＪ国際投信
取引区分 買付
口座区分 特定
申込日時 2021年04月27日 17時37分
申込受付日 2021年04月28日
約定日 2021年04月30日（金）
受渡日 2021年05月11日（火）
Re: Monex - Unreasonably Long Delivery Dates (受渡日)?
Posted: Fri Apr 30, 2021 12:35 am
by OkiBum
Probably due to the Golden Week Holidays.
Re: Monex - Unreasonably Long Delivery Dates (受渡日)?
Posted: Fri Apr 30, 2021 3:02 am
by adamu
Yep, putting an order that's received on 28 April and "delivered" on 11 May works out at 5 working days, including 4 public holidays and two weekends.
This FAQ has an example of a fund that takes 5 working days:
https://faq.monex.co.jp/faq/show/4931
I'm not sure how to look up what a fund's 受渡日 timing is without starting the order process though.
Re: Monex - Unreasonably Long Delivery Dates (受渡日)?
Posted: Fri Apr 30, 2021 4:04 am
by Kanto
OkiBum wrote: ↑Fri Apr 30, 2021 12:35 am
Probably due to the Golden Week Holidays.
Ah, right bankers actually take these days off. Thank you for the reminder.
Re: Monex - Unreasonably Long Delivery Dates (受渡日)?
Posted: Fri Apr 30, 2021 4:25 am
by jcherni
Kanto wrote: ↑Fri Apr 30, 2021 4:04 am
Ah, right bankers actually take these days off.
Unnecessary information, but historically speaking, these extended holidays like Golden Week and Obon are the only opportunities that Banks have to stop their systems, so traditionally these are the periods when big system renewals/updates are done.
(in particular for dedicated systems which are not on cloud, etc., which is still the case for most banks in Japan)
For this reason, many IT service providers actually do work on the holidays and take the days off some other time.
Source: I work on a big IT company who provides systems for many of the banks (but I'm not on development though, so I myself will enjoy the GW
)
Re: Monex - Unreasonably Long Delivery Dates (受渡日)?
Posted: Fri Apr 30, 2021 4:30 am
by Kanto
jcherni wrote: ↑Fri Apr 30, 2021 4:25 am
Kanto wrote: ↑Fri Apr 30, 2021 4:04 am
Ah, right bankers actually take these days off.
Unnecessary information, but historically speaking, these extended holidays like Golden Week and Obon are the only opportunities that Banks have to stop their systems, so traditionally these are the periods when big system renewals/updates are done.
(in particular for dedicated systems which are not on cloud, etc., which is still the case for most banks in Japan)
For this reason, many IT service providers actually do work on the holidays and take the days off some other time.
Source: I work on a big IT company who provides systems for many of the banks (but I'm not on development though, so I myself will enjoy the GW
)
Oh, I think it is a good thing! Do not get me wrong. I am just used to business powering through national holidays.
Perhaps if the TSE had more holidays their IT department could have prevented last year's fiasco!
https://english.kyodonews.net/news/202 ... -mon.html
Re: Monex - Unreasonably Long Delivery Dates (受渡日)?
Posted: Fri Apr 30, 2021 7:53 am
by adamu
jcherni wrote: ↑Fri Apr 30, 2021 4:25 am
I work on a big IT company who provides systems for many of the banks
Can you tell us why Furikomis don't work after 3pm?
(rhetorical question).
Re: Monex - Unreasonably Long Delivery Dates (受渡日)?
Posted: Fri Apr 30, 2021 8:04 am
by beanhead
adamu wrote: ↑Fri Apr 30, 2021 7:53 am
Can you tell us why Furikomis don't work after 3pm?
(rhetorical question).
Because the team that prints out all those requests and puts them on a desk to be approved needs a rest! The manager also has to hanko all those pieces of paper. Tough work, so let's give them a break.
Re: Monex - Unreasonably Long Delivery Dates (受渡日)?
Posted: Sun May 02, 2021 2:17 am
by Kanto
I would like to note that the transaction showed as completed on Saturday!
It would seem 受渡日 for Monex means last possible date of delivery.
There is a very high chance it will be delivered BEFORE that date.
Note: Generally happy with Monex, better UI than Rakuten.
Re: Monex - Unreasonably Long Delivery Dates (受渡日)?
Posted: Wed May 05, 2021 2:21 pm
by Tkydon
.