T+1
Definition · Level 0 · Market basics
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The US settlement cycle for stocks, ETFs and corporate bonds since May 28, 2024: cash and securities change hands one business day after the trade date.
Example
Sell on Friday, the cash settles Monday (the next business day).
Rules and market figures change: check the current ones before relying on this.
Where Tradecraft teaches it
Level 0 · Market basics, in the lesson “Market plumbing & the trading day”: Who stands between you and the other side of your trade, how it settles, and when US stocks trade.
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