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Interfund transfer effective date
- Thread starter pcuddy
- Start date
nnuut
Moderator | TSP Legend
Pcuddy, Welcome to the MB! Your allocation change would be effective at close of business the day it was requested. Markets close so your changes start the next trading day, unless it's a holiday then the day after the Holiday. Holidays are not always international, so the Overseas Markets are open on for example Washington's Birthday. Allocations changed after the 12:00 deadline will be effective the close of business the next day! PHEW! 
Norman
Norman
Rod
Well-known member
Wolverine
Member
For Friday April 6th the US markets are closed and the TSP Office is 0pen Friday. If it was a government holiday TSP would be closed Friday. So you can submit IFTs Friday, cool!
Norman
Ok great then. I haven't seen it posted anywhere on the TSP site yet though. I haven't called them either. Makes sense though because it is not a government holiday and all.
I hope we got his closed or open thingie wrapped up then. LOL
Thanks nnuut
ebbnflow
Ebbchart
For Friday April 6th the US markets are closed and the TSP Office is 0pen Friday. If it was a government holiday TSP would be closed Friday. So you can submit IFTs Friday, cool!
Norman
It TSP.gov is open, do we get price changes Friday night? Or, do they get carried over to Monday?
If they do post price changes for the funds Friday night, I may have to revise my chart.
ebbnflow
Ebbchart
It TSP.gov is open, do we get price changes Friday night? Or, do they get carried over to Monday?
If they do post price changes for the funds Friday night, I may have to revise my chart.
I'm assuming that Asian markets and European markets are open Thursday night, so is TSP.gov going to make price changes due to OSM Friday night even though the US market is closed?
Per tsp.gov:
Special Notice for April 6: Because some of the stock and bond markets will be closed Friday, April 6, we will not be updating share prices in any of the TSP funds for that day. Consequently, transactions will not be processed until the following business day (that is Monday, April 9).
Special Notice for April 6: Because some of the stock and bond markets will be closed Friday, April 6, we will not be updating share prices in any of the TSP funds for that day. Consequently, transactions will not be processed until the following business day (that is Monday, April 9).
nnuut
Moderator | TSP Legend
Change 29,,,, So they are getting a feebee! No IFTs Friday Gentlemen.
FUTURESTRADER
Active member
Anybody else not have their expected contribution show up in their account balance today? I suggested to the person at the the Thriftline that maybe it is delayed due to the holiday? She said, yes that's 'probably' it. <shaking head ruefully>
I always have trouble remembering when ifts post around a holiday weekend? Will an IFT made tomorrow before noon ET post end of day tomorrow (friday) at tomorrow's share prices or at next Tuesday's share prices? Also, would this count towards May's IFT limits or count against June?
Bluehenge
Member
This is from the official tsp site:
When will my interfund transfer be effective?
If you request an interfund transfer on this Web site or the ThriftLine before 12 noon eastern time, your request will ordinarily be processed and posted to your account at the close of business on that day. Requests made after 12 noon eastern time will ordinarily be processed and posted to your account at the close of business on the following business day. If you use Form TSP-50, your request will generally be processed and posted to your account within 5 business days of the day it is received by the TSP.
So, I would say that an IFT tomorrow before noon should post end of the day (Friday) and will count as an IFT for May.
Bluehenge
When will my interfund transfer be effective?
If you request an interfund transfer on this Web site or the ThriftLine before 12 noon eastern time, your request will ordinarily be processed and posted to your account at the close of business on that day. Requests made after 12 noon eastern time will ordinarily be processed and posted to your account at the close of business on the following business day. If you use Form TSP-50, your request will generally be processed and posted to your account within 5 business days of the day it is received by the TSP.
So, I would say that an IFT tomorrow before noon should post end of the day (Friday) and will count as an IFT for May.
Bluehenge
I concur.
Boghie
Well-known member
That's a tight one Scout:toung:
It should post on Friday. However, have you noted the wishy-washy language quoted by Bluehenge. Yuk. Personally, I have never had a trade executed late so I think that the verbiage is legalese.
How much will you sell your IFT for?
I need one; they are the most expensive assets we have in our TSP repertoire
It should post on Friday. However, have you noted the wishy-washy language quoted by Bluehenge. Yuk. Personally, I have never had a trade executed late so I think that the verbiage is legalese.
How much will you sell your IFT for?
I need one; they are the most expensive assets we have in our TSP repertoire
PessOptimist
Well-known member
The language on the TSP.gov site is definitely non commital.
I don't do a lot of IFTs but have never had one transacted before noon EASTERN time not be effective at COB that day. A transaction after 1200 EDT tomorrow will be made as of COB Tuesday. The time stamp is the TSP site's, not necessarily your computers. Always give them an e-mail address and request a confirmation. You have to do this for each IFT. Sometimes the e-mails have taken 48 hours to arrive but have always arrived. These e-mails show you the number of shares you own in each fund both before and after the transaction.
I don't do a lot of IFTs but have never had one transacted before noon EASTERN time not be effective at COB that day. A transaction after 1200 EDT tomorrow will be made as of COB Tuesday. The time stamp is the TSP site's, not necessarily your computers. Always give them an e-mail address and request a confirmation. You have to do this for each IFT. Sometimes the e-mails have taken 48 hours to arrive but have always arrived. These e-mails show you the number of shares you own in each fund both before and after the transaction.
Thanks Blue! Thinking about making a short term move but had an Oh Crap moment not wanting to use one of June's IFTs. Thanks again.
Thanks for your help guys! Thinking too much will get you in trouble every time! Ouch!
Got in just in time for yesterday's slide. Then compounded the problem by anticipating breaking even by close of business Monday , got nervous and jumped back out Tuesday just in time to miss the recovery today! Double ouch!! Now where did I leave those sticky pants? In or out? Pick a side. Bear or Bull? Hmmmm.
