T + 1 Settlement starts on May 28, 2024

T + 1 Settlement starts on May 28,2024

What to expect with T + 1 settlement date.

Starting May 28, 2014, the trade settlement period for stocks and ETFs will be just 1 day (T+1) instead of the 2 days (T+2).

Now what does this mean for you ?

If you sell a security such as a stock, you will receive trade proceeds 1 business day after the trade is executed.

For example, if you sell shares of a stock on Tuesday, the transaction will settle on Wednesday (unless it’s stock market holiday).