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If I buy a share then I must pay immediately but when you sell a share then settlement is within 5 working days. Who is getting the interest on the money. Or am I missing something.
when you buy a share you pay in 5 days .. BUT we take the money immediately because otherwise you'll spend it again .. BBUT you continue to earn interest for the next five days .. when you sell you get credited immediately BUT the money actually only arrives in 5 days .. it is called T+5 settlement ..