The ASX is open for trading on Monday 6 August 2012. However, in New South Wales, that day is the Bank Holiday public holiday^. As a result, Monday 6 August 2012 will not be included in T+3 calculations of settlement dates.
For example, a sell trade executed on Thursday 2 August will settle overnight on Wednesday 8 August and proceeds will be available the next business day.
| Date (trade + days)|
| Mon |
6/08 (non-settlement date)
| Tues |
| Wed |
| Thurs |
| T*|| T+1|| T+2||Closed||T+3|
| || T*|| T+1|| Closed|| T+2||T+3|
| || ||T*|| Closed||T+1||T+2||T+3|
‘*’ Day of first trade
Please note that normal settlement occurs for all Exchange Traded Options (ETOs) and ASX CFDs accounts.
The CommSec Team
^Not a state wide holiday - NSW