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What is a settlement period?

When you ask us to buy, sell or switch an investment, a transaction takes place with the fund provider, in the relevant market. Transactions must be settled within a number of working days from the date of the transaction. Different investments have different settlement periods. For example, if you ask us to sell a fund that has a +4 settlement period, then we will receive the money from your sell four working days after the sell has been priced. Most settlement periods are less than four working days.