I am inquiring about a situation I find myself in. I sold $1000 of company A this afternoon, then about half an hour after that I bought $1000 of company B. Now I am not sure if I need to transfer any extra money into my settlement account to cover the purchase.
Should I expect the offset rule to apply here, so the sell funds will cover the buying requirements? I really dont want to get hit with a fee for purchasing units with no cash in my settlement account.
Please let me know if I have not been clear enough, and thank you for any help you can provide. Also I have reviewed the Commsec client guide regarding this but im still a little unsure.
Thank you in advance for any assistance