Legal analysis: the transfer time of collateral can be divided into two categories: 1. If it is converted into cash through bank-securities transfer, it will arrive on the same day and can be used on the same day; 2. If it is transferred into securities as collateral, it will be submitted on the same day and can only be used on the next trading day. Moreover, the pledge can only be transferred during the trading hours (9: 30-1:30, 13:00- 15:00).

Legal basis: Article 242nd of the Civil Procedure Law of People's Republic of China (PRC). If the person subjected to execution fails to perform the obligations specified in the legal documents according to the notice of execution, the people's court has the right to inquire about the deposits, bonds, stocks, fund shares and other property of the person subjected to execution. From the relevant units. The people's court has the right to seal up, freeze, transfer or change the property of the person subjected to execution according to different circumstances. The property inquired, sealed up, frozen, allocated or changed in price by the people's court shall not exceed the scope of obligations that the person subjected to execution shall perform. If the people's court decides to detain, freeze, transfer or change the value of property, it shall make a ruling and issue a notice of assistance in execution, which the relevant units must handle.