Hi, I'm new to share trading.
I've an account with CommSec.
Here's a question:
I've sold a share a 3 days ago, then bought another one the day after.
The settlement for the sale is today and I should receive the cleared fund by tomorrow so that I can settle the share I bought 2 days ago.
Is it possible for CommSec to debit me before they credit me? (eg they try to debit me at 1pm and credit me at 4pm). I don't have any extra fund in my CCA account besides the amount I should be credited tomorrow and I'm worried that if they do that, I may be charged with a penalty or something.
Please help and thank you.