Settlement Cycle (T+2)
دورة التسوية (T+2)
Settlement is when the buyer’s cash and the seller’s shares actually change hands after a trade is executed. On the Egyptian Exchange most equities settle on a T+2 basis — two business days after the trade date — while some instruments settle same-day (T+0). Until settlement completes, the shares are pending in the buyer’s account.
Example
You buy on a Sunday and the trade settles a set number of business days later. Between execution and settlement the trade is agreed but the exchange of cash for shares has not yet completed.
Why it matters
The gap explains things that otherwise look like errors: why a purchase may not be immediately sellable, and why entitlement to a dividend depends on settlement rather than on the day you clicked buy.
A common mistake
Assuming ownership is instant. Confirm the current settlement cycle with your broker or the exchange before planning a sale that depends on it — cycles differ by instrument and can be changed.