Hi All, I currently have a margin loan with Leveraged Equities that is used for our managed funds. I am looking into doing some direct share tading as well. My understanding is that I set up an account with a broker (eg, Comsec), and I tell them that LE is the thrid party settler on that account. This is all OK. The thing I don't understand relates to timing of the purchases. If I put an order in to buy some shares wouldn't Comsec need to first check my account balance at LE to see if the funds are available? Wouldn't this take some time, which means that by the time the purchase occurs the price may have moved significantly? Maybe this doesn't matter too much if you're buying the shares for long term holding, but if you were actively trading I can't see how this could work. Can please someone explain how this works? Thanks. Yours, John.