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What does the settlement period T2 mean?
T +2 means that two days have passed since the operation time, where T means the operation time, or trading day, which is the abbreviation of the word trade. For example, if the subscription request is initiated in August 1, then August 1 is T, and T+2 is two days later, that is, on August 3, the fund company will give a reply whether the subscription is successful or not. Generally, the trading hours of open-end funds are from 9: 30am to11:30am and from13: 00pm to15: 00pm.