The ASX has advised that the settlement period for Australian Share market trades will be shortened by one day. Settlements of trade will be required to occur two business days after the day a trade takes place (currently three days). This settlement period will be called T+2 (trade date plus 2 business days). The change to T+2 settlement is proposed to take place for trades conducted on or after Monday, 7 March 2016.
Please note, this change affects shares traded through the ASX only and will affect all financial products traded on a securities market in Australia, including shares, units, bonds, hybrids, CDIs, exchange-traded Australian Government Bonds, exchange-traded products (including exchange-traded funds), warrants and instalments. If you are invested in international listed securities, they will still be subject to the settlement cycles of each share's respective exchange.