When will I need to settle my Options trades?
Settlements relating to Exchange Traded Option trades, assignment fees, Options margin obligations all settle on T+1 (one ASX settlement day after trade execution).
All trades on an Exchange Traded Options Account must be settled through either a Commonwealth Direct Investment Account (CDIA), a Commonwealth Bank account, or a CommSec Margin Loan.
Can I get a settlement extension on my Options trade?
The ASX requires settlement on a T+1 basis for Options trading. You must have sufficient funds in your linked bank account before 9am on the morning of T+1 so that we can meet this obligation. If any trades are not settled on time, CommSec may use its discretion to close any of your Options positions.
We're here to help
For more information, please call the CommSec Options Desk on 1800 245 698 between 8am and 5:30pm, Monday to Friday, Sydney time.
