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What does Unsettled Cash mean?

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Unsettled Cash is the cash you received from the sale of an investment on the platform. This cash cannot be withdrawn until it has gone through a settlement process.

When you sell out of an investment on the platform, it takes a period of 5 business days (the "Settlement period") for the cash proceeds of that sale to be settled and to show in your account as available funds.

This is in line with Johannesburg Stock Exchange’s rules which require a T+3 settlement period and our EasyEquities Terms and Conditions which make provision for a maximum of 5 business days for settlement.

Only after those funds have been settled, can they be withdrawn into your personal bank account. 

The settlement period is 5 business (working) days. Saturdays, Sundays and public holidays are not considered business (working) days 

 



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In respect of FSRs, EasyEquities acts as principal to a contract for difference issued to the investor, where the investor will have a contractual claim against EasyEquities to the economic benefits and risks associated with share ownership (price movements and dividends) without having ownership rights in the underlying share. Fractional share rights (FSRs) which are issued through a contract for difference, are an over the counter derivative. Unlike whole shares, FSRs do not carry any voting rights. As the investor makes further investments in FSRs and ultimately ends up with a whole share, the contract for difference is closed out and ownership whole share is delivered to the investor.

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