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 T + 3 question

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porkchop
post Jan 8 2008, 01:21 PM

Lalala Life's Sweet
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Joined: Jan 2003
From: www.kelvinchiew.com


the T day is the trading day which is the day u buy the shares??

i.e buy on Tuesday (T) + 3 (wed/thurs/fri) so meaning friday need to pay??
porkchop
post Jan 8 2008, 02:08 PM

Lalala Life's Sweet
*******
Senior Member
6,633 posts

Joined: Jan 2003
From: www.kelvinchiew.com


ok another question.......i can vaguely remember.....is there a need to pay interest on the stocks we buy?? and how is it calculated? daily?? i think someone mention before around 1.15% per day or something

 

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