If I sell shares from my Nominee holding, when will I be able to re-invest the funds?
This depends on whether you are selling shares that are "fully paid" for or shares that are still part of an "open position".
"Fully paid" means you have purchased shares that have now settled and been paid for. An "open position" is when a purchase has been made and the settlement date has not been reached.
If you would like more information about settlement dates please see our What is the settlement period? FAQ case which is linked at the foot of this page.
If the shares you are selling have been fully paid for, the sale proceeds will show in your Available Balance or Personal Trading Level as soon as the trade is contracted. This is usually a few minutes after your trade has been placed with the market. By this we mean that a price has been obtained and a deal has been done.
If your balance has not been updated after more than thirty minutes after a trade has been placed with the market, please call us on 0808 156 6000 and we will endeavour to place your trade at website commission rates.
When selling shares from an "open position" often called closing a deal, the process is slightly different:
- If you have made a profit, you will be able to re-invest up to the original purchase amount; and net profit made on a closing deal will become available upon the settlement date.
- If you have made a loss, you will be able to re-invest up to the value of the sale. Any losses will be deducted immediately.
For more information on closing deals please see "What is a closing deal and how can I make one?", linked below.
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