Stock delivery refers to the procedure that the buyer pays cash to get the stock and the seller hands over the stock to get the cash after the stock is bought and sold. The process of stock trading includes two stages: the establishment of trading agreement and the performance of trading agreement. The former is usually called transaction, and the latter is called delivery. Some deliveries are made immediately after the transaction is completed, which is called same-day delivery. Some deliveries are completed within a certain period of time after the transaction, including regular daily delivery stipulated by the exchange and special daily delivery by buyers and sellers, such as delivery on the issue date of new shares. The delivery procedure is usually handled by the clearing company. If an investor sells and buys stocks, some accounts can offset each other, and finally only the net difference can be delivered or collected. After the delivery is completed, the new shareholders shall go through the transfer formalities at the stock issuing company and register in the company's register of shareholders. At this point, the stock exchange was finally completed.

Reply time: 2022-0 1-05. Please refer to the latest business changes announced by Ping An Bank in official website.