I believe that the government requires that the cash has to be dis-pursed at three to five days.
2007-07-17 06:10:15 · 4 answers · asked by Stephen M 1 in Business & Finance ➔ Investing
depends settlement for stock is typically T+3 I believe with mutual funds it's T+1
2007-07-17 06:24:53 · answer #1 · answered by Jeff M 3 · 0⤊ 1⤋
First of all, it is "disbursed", not "dis-pursed". Second, disbursement means different things in different industries. In brokerage, disbursement means crediting the cash proceeds to your account. With mutual funds, disbursement means mailing a check out.
2007-07-17 06:34:02 · answer #2 · answered by NC 7 · 0⤊ 0⤋
Stock trades settle after three days, but I believe mutual fund trades settle immediately (at the closing net asset value [NAV]).
2007-07-17 06:41:20 · answer #3 · answered by Califrich 6 · 0⤊ 1⤋
should be no more than 3 business days. your brokerage should disclose your settlement period.
2007-07-17 06:18:29 · answer #4 · answered by cashmaker81 6 · 0⤊ 0⤋