How do you settle the trade on T+3?
This depends on whether you have a cash account or a margin account.

> Buy stocks, cash account

- You do the trade within your credit limit. At T+3, you will need to settle your payment.

- If you do not pay up after T+3, your remisier will sell your shares, and charge you if you sustain any loss from the sell.
------- When they sell your stocks, they will sell it at whatever price traders queued to buy.
------- For example, if you bought your share at 90 cents and the highest buyer's price is 80 cents, then you stocks would be sold at 80 cents and you would incur a loss of 10 cents per share.

To avoid such a case, you could top up your trading account with cash prior to any trading. The value of your stocks will be deducted from your trading account (but you have to make sure you have sufficient cash in that account). The brokerage could pay you interest on any balance in your trading account.



sorry asking noob question....
coz i jz apply tradig account today...so noob abit...
T+3 so means regardless u wan keep or sell the share u holding must be within t+3?
means if loss aso nid to sell ar?

means there;s a possibility of making loss?

coz last time i tot we can keep the share for very long time...we wont make loss unless we sell at price lower than we bought....

some 1 pls enlighten me pls..