Equity transactions executed on the Australian Securities Exchange (ASX) generally settle on a Trade plus 2 business days basis (T+2), meaning settlement occurs two trading days after the trade date. Please note that certain securities may be subject to deferred settlement arrangements.
For share purchase transactions, settlement funds will be debited directly from your Direct Investment Account on the settlement date.
For sell transactions, the net proceeds will be credited to your Direct Investment Account on settlement (T+2). These funds will remain in your Direct Investment Account and continue to earn interest until they are either used for future investments or withdrawn.
If your account is set to settle via a Macquarie Cash Management Account (CMA), sale proceeds will be credited directly to your linked CMA on the settlement date (T+2).
*Please note that settlement timeframes may differ for certain products.
mFund transactions may be subject to different settlement arrangements. Clients are encouraged to refer to the relevant Fund Profile for the applicable settlement date.
Exchange Traded Options (ETO) trades typically settle on a T+1 basis, meaning settlement occurs one business day after the trade date.
If you require assistance confirming settlement timeframes for a specific product, please contact our support team.