SINGAPORE (Nov 29): Singapore Exchange (SGX) is proposing a number of changes in the clearing and settlement of securities in the Singapore stock market, as part of its efforts to make the process safer and aligned with global practices.
In a Wednesday announcement, SGX outlines three proposed improvements for risk reduction, beginning with a shorter T+2 securities settlement cycle of two days, instead of the current span of three days (T+3) to reduce...(click on link for full story on theedgesingapore.com)