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Re: [sharechat] Advice on credit+3T-days required


From: "Steve Moxham" <steve@ezysurf.co.nz>
Date: Thu, 27 Apr 2000 22:57:37 +1200


I'd be willing to guess that you'd have to pay up regardless of whether the stock is trading or not.
The broker does afterall have to credit the bank account of the seller of the shares that you have just bought. They aren't going to keep the seller waiting for their money just because the stock has been suspended from trading and you haven't settled the contract.
If you don't have the money to cover the contract you might find yourself having to look closely at your liquidable assets!
Good Luck.

 
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