No previous experience on this. But if ISA is considerred a type of mutual fund then I assume settlement time is end of business day of the settlement date. I am too curious to know why the brokerage would charge margin interest on this.WHO wrote: ↑ Why would I? It's 1-day settlement, so I funded it next business day. Same day $ in and $ out.
I routinely fund the account on the day of settlement for equity trades. No reason for it to be different in this case. I try to make my money work for me and not let it sit in an account where it's needlessly earning nothing.
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