The so-called stock delivery date actually refers to the date on which the stocks and funds are cleared and settled after the stocks are bought and sold. If investors have objections to the delivery procedures, they can report to the relevant agencies or departments, and the choice of each delivery method , It will also have a great impact on stock delivery, which is very important.
Delivery is the settlement of funds between investors and securities firms in the settlement process. All listed and traded securities (A shares, funds, bonds) except for B shares in Shanghai and Shenzhen stock markets implement the T+1 delivery system. The T+1 system means that stocks purchased on the same day cannot be sold on the same day. Funds receipt and payment and securities delivery can only be carried out on the business day following the transaction day, and cash cannot be withdrawn from the account on the same day.
Investors should note that the securities purchased on the T+1 system cannot be sold on the same day, while the stocks sold on the same day can be bought.
After the investor conducts securities entrusted trading, he should go through the settlement procedures in a timely manner. If there is any doubt, he can raise the question to the securities business department within a certain period of time (usually 3 days). For the losses incurred as a result, if the evidence is conclusive and the reasons are sufficient, the securities business department can be required to pay compensation.
The delivery date of stock index futures is generally the third Friday of the month where the contract is located. It is postponed on legal holidays. For example, the delivery date of stock index futures in May is May 21 (the third Friday of May). Contracts that are not closed will be settled at the delivery price (i.e. cash delivery)
What are the stock delivery methods?
1. Same-day delivery means that both the buyer and the seller complete the delivery on the day after the transaction. Applicable to situations where the buyer urgently needs stocks or the seller urgently needs cash. The Shanghai Stock Exchange currently uses this method.
2. Next day delivery refers to the completion of the delivery before noon on the next business day after the transaction. If it falls on a statutory holiday, it will be postponed by one day.
3. The delivery on the second day shall be counted from the day after the transaction, and the delivery shall be completed before noon on the second business day. If it is a holiday, the day will be postponed. This delivery method is rarely used.
4. Routine delivery shall be counted from the date of the transaction, and the delivery shall be completed within the fifth business day. This is the standard delivery method. Generally, if the buyer and seller do not specify the delivery method when the transaction is concluded, it will be regarded as a routine delivery method.
5. Routine deferred delivery refers to a delivery where the buyer and seller agree to choose a certain day as the delivery time after the routine delivery. The buyer agreed to pay on the next day, and the seller gave the stock to the buyer on the next day.
6. The seller's choice of delivery means that the seller has the right to decide the delivery date. The period ranges from 5 days to 60 days after the transaction, and both the buyer and the seller must enter into a written contract. When the seller chooses delivery at the same price, the one with the longest term shall have the priority to choose. When the seller chooses delivery at the same price, the one with the shortest time limit shall have the first right of transaction. my country has not yet adopted this delivery method.