Funds in transit refer to the funds waiting to be credited after selling stocks. These funds will be used and frozen first when a buy order is placed.

Friendly reminder

• The US stock market uses a T +1 settlement system, which means that settlement occurs on the next trading day after the transaction. The funds are expected to arrive after 6 - 8 p.m. on T + 1.
• The HK stock market follows a T +2 settlement system, which means that clearing and settlement can only be completed on the second trading day after the transaction occurs. The funds are expected to arrive after 6 - 8 p.m. on T + 2.