Replies to post #1309 on Dave's Dividends Payers

[blackcat]

Actually 22nd.


When does settlement occur?

For most stock trades, settlement occurs two business days after the day the order executes, or T+2 (trade date plus two days). For example, if you were to execute an order on Monday, it would typically settle on Wednesday. For some products, such as mutual funds, settlement occurs on a different timeline.