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) |
Wed
1/08 | Thurs
2/08 | Fri
3/08 | Mon
6/08 (non-settlement date) | Tues
07/08 | Wed
8/08 | Thurs
9/08 |
| 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.
Regards,
The CommSec Team^Not a state wide holiday - NSW