Final answer:
Nate McCann should promptly sell his securities and be mindful of the settlement period and bank transfer time to ensure funds are available for his house closing costs.
Step-by-step explanation:
Nate McCann is closing on a house tomorrow and needs to sell some securities to meet closing costs. In order for Nate to get the money as soon as possible, he should promptly initiate a sell order for his securities through his broker or online trading platform. Once the order is fulfilled and the transaction is completed, there is typically a settlement period during which the trade is processed and cleared, usually taking around two business days for stocks. After the settlement period, the funds from the sale will be available in Nate's account, which he can then transfer to his bank account. Depending on his bank's policies and the methods of transfer, it may take an additional day or two for the funds to reflect in his bank account. Therefore, Nate needs to act swiftly to ensure that the funds will be available to meet the closing costs.