Mackerstm22 Nov 2018 19:09
Mack Hi, Re payment of dividends :-
Your statement is incorrect as he clearly said "There is a 'must hold' date and that is usually 3 days before ex dividend date"
That in itself is incorrect, as long as you hold the share by the close day before the EX divi date you can get the dividend you do not have to have them on hold 3 days before.
So if you held the shares on or close of play Wednesday the 21st you will qualify for the EXDD 22nd Nov dividend.
T1,T2 & T3 refer to the settlement dates of security transactions which occur on a transaction date plus one day, plus two days, and plus three days, respectively. 'T' is the transaction date. The transaction date is the date you bought the shares. This has nothing to do with Ex divi dates its to do with buying and selling shares and the settlement period to close the deal out.
Hope that clears that up.
Cheers
Tom :-))