securities settlement cycle

Securities settlement cycle shortened to T+2 from Dec 10
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 ...