SGX Settlement Process (To Reduce Failed Trades) (281210)
   

Please be informed that SGX has revised its settlement process and its penalty framework to reduce incidence of failed trades. Please refer to SGX announcements :

Buying-in Procedure

There has been changes to the Buying-in procedure. For details, please refer to this FAQ.

In particular, we would like to highlight the following changes:

Processing Fees for Buying-in

The processing fee imposed by SGX has been revised to S$75.00 (S$80.25 inclusive of GST).

Procurement when SGX is unable to complete the Buying-in

In the event that CDP requires Lim & Tan to procure the requisite securities arising from its unsuccessful Buying-in by Trade Date +7 or by the stipulated procurement period (whichever is earlier), a penalty of S$5,000 for each day (after the procurement period) a sell contract is overdue, shall be borne by the client. arrow