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- 24 December 2010
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Hey all,
So Echo shares (from the demerger of Tabcorp) listed on the ASX today for the first time, and there is currently "Def Set" following its name. I've discovered this means deferred settlement, and from another thread here and a bit of googling, I have learnt that it means that the T+3 period does not apply.
But what I want to know is, where do I find out the period of time that is applicable? Ie. the time that elapses between purchase of shares and taking funds out of my bank account? Do I find that in the Tabcorp documents provided to shareholders (have had a brief look and found nothing) or is there a definition from the asx website?
So Echo shares (from the demerger of Tabcorp) listed on the ASX today for the first time, and there is currently "Def Set" following its name. I've discovered this means deferred settlement, and from another thread here and a bit of googling, I have learnt that it means that the T+3 period does not apply.
But what I want to know is, where do I find out the period of time that is applicable? Ie. the time that elapses between purchase of shares and taking funds out of my bank account? Do I find that in the Tabcorp documents provided to shareholders (have had a brief look and found nothing) or is there a definition from the asx website?