Important changes to the settlement period on US and Canadian markets

What is changing?

From Tuesday 5 September 2017, settlement for trades on the US and Canadian markets will occur two local business days following execution.

The settlement periods will be shortened from three local business days to ensure alignment with many other international markets.

What does this mean for me?

There will be no major impact to the current procedure as cleared funds (in the local currency) will still need to be available in your Pershing account before placing a buy order.

Both debits and credits for trades will be processed on business day earlier than before from your Pershing account.

Please note that this does not affect US ETOs or equities on other markets.

We're here to help

If you have any questions or require further assistance, please contact our International Trading Team on 1300 757 319 within Australia or +61 2 9115 2996 (outside Australia) 24 hours US trading days.

Published: 30 August 2017