---
title: "Why has my fund balance increased but shares are missing from my holdings?"
description: "Your shares may not appear in your holdings after you purchase them if they are short-delivered."
category: arrow
subcategory: trading-faqs
slug: why-has-my-fund-balance-increased-but-shares-are-missing-from-my-holdings
canonical: https://support.arrow.trade/arrow/trading-faqs/why-has-my-fund-balance-increased-but-shares-are-missing-from-my-holdings/
---

# Why has my fund balance increased but shares are missing from my holdings?

> Your shares may not appear in your holdings after you purchase them if they are short-delivered.

## Short answer

Your shares may not appear in your holdings after you purchase them if they are short-delivered.

In such a scenario, you face two possible outcomes:

Share delivery on T+2: On T+2 day, you may receive the shares that were previously short-delivered.

Cash settlement: If the exchange cannot acquire the shares on your behalf, your transaction may be settled in cash. In this case, the exchange settles your transaction by providing a cash credit based on the close-out rate.

The exchange determines the close-out rate as the higher of:

Your stock's highest price from the time of sale to the auction day

20% above the closing price on the auction day (T+1)

## Related

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---

Source: https://support.arrow.trade/arrow/trading-faqs/why-has-my-fund-balance-increased-but-shares-are-missing-from-my-holdings/
Publisher: Arrow / iRage Broking Services LLP