Trade online now and pay later with T20 extended settlement

TD Waterhouse, one of the UK’s largest brokers, today announces new extended settlement periods up to 20 working days for online traders.

To allow investors to respond quickly to changing market conditions, TD Waterhouse is offering customers the unique opportunity to trade online and settle up to 20 days later. Extended settlement is available on all Trading and Trading Plus accounts. Investors can choose the settlement period for each individual trade, and use closing deals to react quickly to price movements.

Angus Rigby, Chief Executive Officer of TD Waterhouse UK, said: “With a standard market settlement period of just 3 days, our T20 extended settlement is second to none for offering customers absolute flexibility on their trades.

“Active traders tell us that extended settlement is invaluable in helping them react instantly to market movements and maximise returns on their investment portfolios. We are delighted to be setting the standards amongst execution-only brokers by offering a variety of settlement periods to meet the needs of both active traders and longer term investors.”

In addition to T20 settlement on web trades, TD Waterhouse offers extended settlement up to T25 for telephone trades, and T10 settlement as standard on certificated trades.

Until 30th April, any new Trading, ISA, PEP or SIPP account will receive two months’ commission free online trading. Investors wanting to find out more should visit tdwaterhouse.co.uk.