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 1.17630 1.17650 2
GBPUSD 1.28320 1.28350 3
USDCAD 1.25410 1.25440 3
USDJPY 109.430 109.450 2
USDCHF 0.96780 0.96810 3
AUDUSD 0.79210 0.79240 3
NZDUSD 0.72940 0.72990 5
EURGBP 0.91650 0.91680 3
EURCHF 1.13860 1.13890 3
EURJPY 128.740 128.770 3
AUDJPY 86.690 86.740 5
GBPJPY 140.430 140.490 6
XAUUSD 1285.79 1286.19 40
XAGUSD 16.983 16.998 1.5