• Australian (ASX) Stock Market Forum

Hello and welcome to Aussie Stock Forums!

To gain full access you must register. Registration is free and takes only a few seconds to complete.

Already a member? Log in here.

T+2 settlement

Discussion in 'Stock Market Nuts and Bolts' started by Gringotts Bank, Feb 22, 2016.

  1. Gringotts Bank

    Gringotts Bank

    Posts:
    6,175
    Likes Received:
    604
    Joined:
    Jun 30, 2007
  2. pixel

    pixel DIY Trader

    Posts:
    5,359
    Likes Received:
    324
    Joined:
    Feb 3, 2010
    Thanks for the heads-up, GB

    As a side effect, that will also impact the gap between ex-div and record dates.
    Currently, when a stock shows a record date at "Close on Wednesday", it will trade ex-div from Open Monday morning, a gap of three trading days.
    After the move to T+2. ex-div and record day will be only two trading days apart, which means a Record Date Wednesday translates to ex-div being Tuesday.
     
Loading...

Share This Page