What is T+0?
Shares bought today can be sold the same day. Hong Kong, US, Japanese and Korean stocks all allow it; ordinary A-shares don't, only some ETFs and similar products do.
Learn “T+0” 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A-shares bought today can only be sold on the next trading day; cash from a sale can be reused the same day but withdrawn only the next trading day.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but the formal settlement of cash and shares happens on the 2nd trading day after the trade, and sale money can only be withdrawn after that.
- Japan Stock RulesT+2 Settlement and the Record Date
Japanese trades settle on the 2nd business day after the trade; to get dividends and shareholder perks, you must hold at the close 2 business days before the record date (the last cum-rights day) at the latest.
- Korea Stock RulesT+2 Settlement and Buying with a Partial Deposit
Korean trades settle on the 2nd business day after the trade; many brokers let you buy with only part of the money up front, but the rest must be paid before settlement or your shares get force-sold.
- 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
See how “T+0” works for yourself with an animation you can drag and play.
Go to “T+1: Buy Today, Sell Tomorrow”