Chaos Chaos Tiancheng: What is Stock Buying and Se
  Source:Chaos 2023-04-27 10:43:58
Description:

Purchase order: Once the purchase order is submitted, the transaction amount, commission, and levy will be immediately frozen from the securities account and deducted from the account on the # settlement date after the transaction is completed. Customers can also use the transaction limit of their account for transactions, but they must deposit sufficient funds before the settlement date. The loan limit of the margin account will be determined based on the securities in the warehouse.


Sell: The amount obtained from selling securities after deducting transaction commissions and levies will be immediately displayed as available funds for customers to use for buying. Only this amount must be deposited into the account on the settlement date before it can be withdrawn. If a customer holds physical stock, they must wait for the stock to be deposited before submitting a sell order instruction.


Delivery date: The delivery date for Hong Kong stocks and US stocks is T+2, and the delivery date for Shenzhen Hong Kong Stock Connect/Shanghai Hong Kong Stock Connect is T+1