What is T+2 and T+10?
For most nominee trades money will be credited to your trading account (sales) or taken from your bank account (purchases) within two working days from the date you placed your trade. This is referred to as T+2 settlement. For example, if you deal in your MarketMaster®, Investment ISA or SIPP account on Monday, settlement will be on Wednesday; if you deal on Thursday, settlement will be on Monday and so on.
For certificated trades through Barclays Stockbrokers the settlement period is T+10 or 10 working days from the date of your trade (because of the administration involved in dealing with paper certificates, post, etc.).
Did you know that you can buy or sell on the same day?