Settlement is the behind-the-scenes process through which buys and sells for financial instruments are fulfilled. The settlement step can be complex due to the various parties involved, including brokers, custodians, and clearinghouses, but is essential in the trading process as it ensures that all parties involved receive their respective share of the trade.

The standard settlement timeline for trades is three working days after the trade date, also known as T+3. This means that a trade is considered "unsettled" until payment is received within three business days following the trade date.

For example, if a trade is executed on Monday, the settlement date would be Thursday (assuming there are no holidays during this time). This timeline allows for enough time for all parties involved to complete the necessary steps for settlement.

​If you sell a security before the previous sale has been settled, the cash proceeds from the sale will be considered "unsettled cash". You can use this cash to make new investments immediately; however, until the trade and the resulting cash settles, which usually takes about 3 working days, you won't be able to withdraw it from your FlexInvest account.

Once the sale is settled, the cash will no longer be considered as "unsettled cash" and will be added to your account as "withdrawable cash". At this point, you can initiate a withdrawal request within the app if you wish to do so.

Investing in securities or other financial instruments always involves the potential of losing your money. FlexInvest recommends considering your investment objectives and risks before investing. For more information, please read our Risk Disclosures Statement and our Terms & Conditions.