T+ 1 working day is a financial term, which is usually used to describe the transaction settlement time of financial products such as stocks and funds.
Specifically, T stands for the trading day, that is, the time when the transaction takes place, and T+ 1 is the second working day after T, in which the working day refers to the effective trading day except national legal holidays and rest days such as Saturday and Sunday. During this period, the securities company will conduct settlement, liquidation and other operations to complete the handover of funds and securities.
For example, if the trading time of a stock is 10 on Thursday, May 5, 2023, then the working day T+ 1 is Friday, May 6, 2023. If May 6th, 2023 is a legal holiday, the working day T+ 1 will be postponed to the next effective trading day.
Timing of trading day
The trading day refers to the date when the financial market normally trades, usually refers to the day when the stock exchange and other institutions open for trading. On trading days, investors can trade securities, funds, futures, foreign exchange and other financial products, but they cannot conduct any trading operations on non-trading days.
For the stock market, the trading day usually refers to every working day from Monday to Friday (except for national statutory holidays and special announcements to stop trading), and the opening hours are from 9:30 am to 1 1:30, 1:00 to 3:00 pm every day. For foreign exchange, futures and other markets, the trading time may be different. During the trading day, investors can buy and sell according to the market conditions, adjust the investment portfolio and get the return on investment.