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 1.18150 1.18170 2
GBPUSD 1.31960 1.31990 3
USDCAD 1.24590 1.24620 3
USDJPY 112.980 113.000 2
USDCHF 0.97940 0.97970 3
AUDUSD 0.78610 0.78640 3
NZDUSD 0.70430 0.70480 5
EURGBP 0.89520 0.89550 3
EURCHF 1.15730 1.15760 3
EURJPY 133.500 133.530 3
AUDJPY 88.810 88.860 5
GBPJPY 149.080 149.140 6
XAUUSD 1280.68 1281.08 40
XAGUSD 16.955 17.005 5