Categorized | Beginning Online Trading

Settlement of Contracts

Settlement of Contracts

Settlement of trades executed on SGX securities market takes place on the third market day after the trade date T+3, T being the trade date. When a seller does not have sufficient shares in the account for settlement by 12noon on T+3, CDP will conduct buy-in on that afternoon to fulfil the seller’s delivery obligation.

The starting buy-in price for any security is 2 minimum bids above either the previous day’s closing price or any of the transacted or bid prices in one hour preceding commencement of the buy-in, whichever is higher. The buy-in bid prices will increase by 2 minimum bids from time to time throughout the day until the securities are bought or delivered to CDP.

CDP charges a processing fee of S$75.00 (S$80.25 inclusive of GST) for each failed contract. A brokerage rate of 0.75% will be levied on each buy-in contract.

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Symbol Bid Ask Spread
EURUSD 1.17900 1.17920 2
GBPUSD 1.33480 1.33510 3
USDCAD 1.28520 1.28550 3
USDJPY 113.470 113.490 2
USDCHF 0.99060 0.99090 3
AUDUSD 0.75320 0.75350 3
NZDUSD 0.69130 0.69180 5
EURGBP 0.88320 0.88350 3
EURCHF 1.16800 1.16830 3
EURJPY 133.790 133.820 3
AUDJPY 85.460 85.510 5
GBPJPY 151.450 151.510 6
XAUUSD 1243.75 1244.15 40
XAGUSD 15.723 15.773 5