• Take up to 20 days to settle trades online
• Don't miss longer term opportunities - take more time to see how your shares perform
• Close a position within this period and simply take the profit or loss
• T+20 now online - no need to trade over the phone for longer extended settlement periods

Extended Settlement allows you to choose a longer time than T+3 before you must either pay for a purchase or receive funds from a sale of uncertified shares, i.e. settle the trade.

One advantage of this, when buying shares, is that you can close the position (sell those shares) before the full payment is required and so you only have to pay the difference in price (if any) or receive the balance owed to you.

Extended Settlement is even more advantageous when used with your Trading Limit of £10,000 (subject to status). This allows you to react quickly to market conditions by trading without the need for cash in your account before you make the purchase, and now you have up to 20 days to settle trades online. Please note that the cleared funds must be in your account on the settlement day.

NatWest Stockbrokers may not always be able to offer Extended Settlement as this service is subject to availability and market conditions.

What is the procedure of an Extended Settlement?

When dealing on an Extended Settlement period of longer than T+10 the Retail Service Providers are not obliged to offer the displayed price and may add a funding charge of up to 1%. Therefore the Dealing Representative will canvas a number of Retail Service Providers directly to acquire the best price available to you. Which account do I need to trade on an Extended Settlement period?

To make a purchase on an Extended Settlement period up to T+20 open a Nominee Share Dealing Account.

Through our telephone dealing channel you also have the ability to trade on Extended Settlement up to T+25.