Thursday 28 Mar 2024
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SINGAPORE (Nov 13): Singapore Exchange (SGX) is shortening the securities settlement cycle to two days (T+2) from T+3 starting Dec 10.

The move will harmonise Singapore’s stock market with that of global markets, including the US, Hong Kong, Australia and the European Union, says SGX.

Moreover, the T+2 settlement cycle will allow a broker-linked balance functionality to be made available to investors. Investors will be able to give their chosen broker visibility over specific securities, while allowing brokers to offer more personalised products and... (Click here to read the full story)

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