What is T+1?
The first trading day after the trade date. In A-shares, “T+1” means shares bought today can only be sold on the next trading day; in US stocks, “T+1 settlement” means cash and shares change hands on the first trading day after the trade.
Learn “T+1” in an animated lesson
- China A-Share RulesT+1: Buy Today, Sell Tomorrow
A-shares bought today can only be sold on the next trading day; cash from a sale can be reused the same day but withdrawn only the next trading day.
- Hong Kong Stock RulesSame-Day Trading and T+2 Settlement
Hong Kong stocks bought today can be sold today, but the formal settlement of cash and shares happens on the 2nd trading day after the trade, and sale money can only be withdrawn after that.
- US Stock RulesT+1 Settlement and Cash Accounts
US stocks bought today can be sold today, and the cash and shares settle on the next trading day; in a cash account, buying with unsettled money and then selling is a “good faith violation”.
Related terms
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Go to “T+1: Buy Today, Sell Tomorrow”