New “T+2” Settlement Cycle

The new “T+2” settlement cycle will apply to all applicable securities transactions occurring on or after September 5, 2017.

Under the new market-wide “T+2” settlement cycle, most securities transactions will now settle in two business days of their transaction date.  For example, if you sell shares of ABC stock on Monday, the transaction would settle on Wednesday.  If you have a margin account, contact your broker to see how the “T+2” settlement cycle might affect your margin agreement.

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