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T plus 3
T plus 3 is shorthand for "trade date plus three days." When buying securities, investors must settle their security transactions in three business days. This is an SEC rule.
Last updated: 11-Mar-2010
What is T plus 3?
When you buy securities, the brokerage firm must receive your payment no later than three business days after the trade is executed. When you sell a security, you must deliver to your brokerage firm your securities certificate no later than three business days after the sale.