mc2fool wrote:hiriskpaul wrote:That's curious. The gilts I bought recently (TN24) both settled T+2!
Checking my contract notes, indeed, my buys of both TN24 & TN25 during the Truss-Kwarteng debacle period settled at T+2. That was with Interactive Investor.
From memory of my life in the City, and I'm not aware it has changed, Gilts usually settle T+1 when traded on the secondary market. Sounds like retail customers (who aren't trading on the secondary market as the counterparty) are settled a day later in the transaction between them and their broker/agent.