29 Nov 2018
 
SGX adopts T+2 securities settlement cycle from 10 December
 
 
Singapore Exchange (SGX) will be launching a new securities settlement and depository framework and system on 10 December 2018, enabling a shorter securities settlement cycle of two days (T+2) and simultaneous settlement of money and securities. With this change, please note that all transactions on SGX will be brought forward by one day i.e. trades will be due on T+2 instead of T+3. Visit SGX website and FAQs for more details.


 

Illustration:

Trade Date

Settlement Date

Settlement Cycle

7 Dec 2018 12 Dec 2018 T+3 (i.e. 3 business days after the trade date)
 10 Dec 2018 12 Dec 2018 T+2 (i.e. 2 business days after the trade date)

Note
From 10 Dec 2018, for SGX trades denominated in a foreign currency, if T+2 (i.e. 2 Singapore business days after trade date) is a currency holiday, both
money and securities settlement will take place on the next banking day, common to both SGD and the foreign currency, if settlement date falls on a foreign currency holiday.

 

To view contract note & settlement date

You can view the contract note on next business day by logging in to your UTRADE account, select “Account Management” and go to “Outstanding Position” page.
Alternatively, if you have enrolled for E-statement, you can check your E-contract under “Portfolio” tab on the next business day after 6pm.

If your account is linked to EPS services, the contract note information will be made available in your bank account on next business day (T+1) with effect from 11 Dec 2018.


 
 
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