In the world of securities trading, a concept known as unsettled funds exists. This term refers to the proceeds from selling a security that are pending during a settlement period. The settlement period is a timeframe created by the Securities and Exchange Commission to allow for the exchange of trade details between buyers and sellers.

Although trading is now faster with online platforms, settlement periods remain in place. Further details on unsettled funds and settlement periods are available from sources like Ally Financial, which reports on the concept and its implications for traders, including those in El Paso.