After you have confirmed an order, it will appear as pending while it is awaiting processing.
When will it be processed?
Kernel operates on a twice weekly investment cycle - trading occurs on Mondays and Wednesdays. There is a midday cut off for all orders - i.e. any orders placed are pended until 12PM on Mondays & Wednesdays, after which they will be processed.
From Tuesday and Thursday afternoon, once the trading has settled and the unit price is confirmed, your new investment will appear in your portfolio.
Exceptions to this rule will apply when Monday or Wednesday is a public holiday or for any major unforeseen events outside of our control.
Hmm okay, give me an example..
On Friday, Luke confirms an investment into one of his chosen funds. This order is processed by Kernel on Monday and Luke can view his additional investment in his portfolio on Tuesday afternoon. Happy days.
If you have any questions about this, send us a message.