Settlement is the behind-the-scenes transfer process that takes place after you buy or sell securities. An executed trade settles when the buyer receives their securities and the seller receives the cash.
Typically, your trades will settle two days after execution (‘T+2’), although in some cases it can take longer.
On the Transactions page of your InvestEngine account, executed trades are shown as having ‘Confirmed’ status. When a trade settles, this status changes to ‘Done’.
You can only withdraw the proceeds of a sell order to your bank account after those trades have settled.
If you have purchase orders, the trades must settle before can you then sell those investments.
Additionally, unsettled trades are not included in the calculations for a Sell Portfolio order.