T+0 is a widely used securities (or futures) trading system in the world. On the day when securities (or futures) are traded, the trading system that handles the settlement and delivery procedures of securities (or futures) and prices is called T+0 trading. Generally speaking, the securities (or futures) bought that day can be sold that day.

T+2 is the day after T: for example, T is before Monday 15: 00, then T+2 is Wednesday, we say T+0 is the day of T, and T+2 only means that transaction records will be queried after T+2.

In general, the confirmation date of subscription/redemption of the Fund is T+2, and your application for subscription/redemption submitted on April 19 will be confirmed by the Fund Company on April 23rd or 24th (Saturday and Sunday are non-fund trading days).

Extended data:

Under the condition of "T+0" circular trading, after the transaction is confirmed, the trading day for investors to declare selling is not limited. Investors can either sell the stocks they bought on the same day or buy the stocks again with the funds returned from selling the stocks on the same day. "T+0" circular trading can reduce the risk of investors' positions and enhance the liquidity of stocks.

After the subscription application is confirmed by the fund company, the fund share can be inquired on T+2; After the redemption application is confirmed by the fund company, the redemption date of the fund is generally T+7 days.

Baidu encyclopedia -T%2B0

Baidu encyclopedia -T%2B2