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Financial Chronicle » Stock Market Talk » Don't worry about Month End Settlements...

Don't worry about Month End Settlements...

Go down  Message [Page 1 of 1]

1Don't worry about Month End Settlements... Empty Don't worry about Month End Settlements... on Tue Oct 27, 2020 2:52 pm

MarketResearch

MarketResearch
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
October 2020

T+3
Today is 27+3=30th is Friday (It's a holiday)
The next trading day is next week Monday. It's on the 02nd of November and New Month.
So don't worry about month-end settlement and no need to sell your stocks at a low price.

Very Happy Very Happy Very Happy



Last edited by MarketResearch on Tue Oct 27, 2020 3:13 pm; edited 1 time in total

heroxhere and judecroos like this post

Invest-Wise

Invest-Wise
Manager - Equity Analytics
Manager - Equity Analytics
Absolutely. So all clear for a new month and a good run. Fingers crossed

MarketResearch likes this post

DamithAsian


Manager - Equity Analytics
Manager - Equity Analytics
@MarketResearch wrote:October 2020

T+3
Today is 27+3=30th is Friday (It's a holiday)
The next trading day is next week Monday. It's on the 02nd of November and New Month.
So don't worry about month-end settlement and no need to sell your stocks at a low price.

Very Happy Very Happy Very Happy

Due payable deadline is computed in that way for sure where a holiday and weekend ahead? 😊 Anyway sale or buy Note carries due date.

MarketResearch likes this post

heroxhere

heroxhere
Senior Equity Analytic
Senior Equity Analytic
@DamithAsian wrote:
@MarketResearch wrote:October 2020

T+3
Today is 27+3=30th is Friday (It's a holiday)
The next trading day is next week Monday. It's on the 02nd of November and New Month.
So don't worry about month-end settlement and no need to sell your stocks at a low price.

Very Happy Very Happy Very Happy

Due payable deadline is computed in that way for sure where a holiday and weekend ahead? 😊 Anyway sale or buy Note carries due date.

Today's note sent by my broker states 11-November as Settlement Date. MR is correct.

MarketResearch and DamithAsian like this post

5Don't worry about Month End Settlements... Empty Re: Don't worry about Month End Settlements... on Tue Oct 27, 2020 11:24 pm

xhora

xhora
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
The Settlement date for shares bought today will be on 2nd November

6Don't worry about Month End Settlements... Empty Re: Don't worry about Month End Settlements... on Tue Oct 27, 2020 11:28 pm

naveen


Equity Analytic
Equity Analytic
What will happen if i didnt settle the amount. I use my buying power. How much interest they will charge.?

Mr. X

Mr. X
Manager - Equity Analytics
Manager - Equity Analytics
@naveen wrote:What will happen if i didnt settle the amount. I use my buying power. How much interest they will charge.?

Around 18% and it depends on the Broker i guess. make sure you settle it in cash. if you try to sell the shares and settle the due, it will take another T+3 and interest will be charged for the gap...

naveen and DamithAsian like this post

DamithAsian


Manager - Equity Analytics
Manager - Equity Analytics
@Mr. X wrote:
@naveen wrote:What will happen if i didnt settle the amount. I use my buying power. How much interest they will charge.?

Around 18% and it depends on the Broker i guess. make sure you settle it in cash. if you try to sell the shares and settle the due, it will take another T+3 and interest will be charged for the gap...

@Mr.X
example : For today credit purchases, how to calculate the settlement date bro? Especially holiday and weekend ahead.
Thanks

9Don't worry about Month End Settlements... Empty Re: Don't worry about Month End Settlements... on Wed Oct 28, 2020 10:12 am

Mr. X

Mr. X
Manager - Equity Analytics
Manager - Equity Analytics
@DamithAsian wrote:
@Mr. X wrote:
@naveen wrote:What will happen if i didnt settle the amount. I use my buying power. How much interest they will charge.?

Around 18% and it depends on the Broker i guess. make sure you settle it in cash. if you try to sell the shares and settle the due, it will take another T+3 and interest will be charged for the gap...

@Mr.X
example : For today credit purchases, how to calculate the settlement date bro? Especially holiday and weekend ahead.
Thanks

The settlement date is mentioned in the BUY and SELL note.
if you buy today 28 Oct (T) and settlement date is 03 Nov (3). ignore the weekends and holidays. you have to deposit the cash on 03 Nov.

Similar to sales as well.
If you decided to settle the due from sales rather depositing cash, then you have to sell on 28 Oct it self since it takes T+3 for settlement. if you sell next day 29 Oct, the settlement date will be 04 Nov.  for that 1 day (03 Nov due and 04 Nov settlement) gap you will be charged interest.

Hope i didn't confused you.

naveen and Junior investor like this post

10Don't worry about Month End Settlements... Empty Re: Don't worry about Month End Settlements... on Wed Oct 28, 2020 11:34 am

Junior investor

Junior investor
Manager - Equity Analytics
Manager - Equity Analytics
you should not use your buying power in this kind of uncertain times.

බයින් පවර් වලින් කොටස් ගන්න එපා මේ වගේ අස්ථාවරයි කාලෙක.

DamithAsian likes this post

11Don't worry about Month End Settlements... Empty Re: Don't worry about Month End Settlements... on Wed Oct 28, 2020 12:26 pm

DamithAsian


Manager - Equity Analytics
Manager - Equity Analytics
Now its very clear....
Thanks Mr, X and others for sharing knowledge and expertise

Good luck😊

12Don't worry about Month End Settlements... Empty Re: Don't worry about Month End Settlements... on Wed Oct 28, 2020 12:28 pm

SL-INVESTOR


Equity Analytic
Equity Analytic
Yes. Better not go for buying power with unclear future....

DamithAsian likes this post

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