Subject: File No. S7-05-22
From: David Griswold
Affiliation: VP of systems administration, eseclending

February 9, 2022

There's no reason why settlement of electronic transfers should take days. India even transfers funds between banks instantaneously.

Maybe there needs to be a day or two for Offutt certificates of stock, but not electronic. The brokers are just holding that money for a couple of days so they can use it themselves.