I submitted a trade and it still has not settled in
my account. When can I expect to see the settled transaction?
All
trades must be submitted by 4pm to trade same day. Any
trades submitted prior to 4pm will settle by 2pm the
following day. If you are checking
your
online account prior to 2pm the following day, you will
not see your true settled account balance (as some items
may still be pending). [Top]
What
happens to trades submitted after 4pm?
Trades submitted after 4pm are traded
the next business day and settled the following business
day.
Ex:
Day 1: Participant submits trade at 4:30 p.m. via
the website
Day 2: Trade is actually submitted via transfer agent.
Day 3: Trade settles after 2 p.m. in participant account
(now viewable from the website) [Top]
When
do trades submitted after 4 p.m. on Friday through Sunday
evening settle?
Trades
submitted after 4p.m. on Friday through Sunday will
trade on Monday and settle on Tuesday after 2 p.m. [Top]
I
see a p next to some of
my balances on the website what does this indicate?
The
p represents that there
is a pending balance that has yet to settle. This may
be the result of a contribution, trade or dividend that
has been submitted but has not yet settled at the fund
company. Once the trade has settled, the p
will cease to appear and your balance will be fully
represented. [Top] |
