FAQ Q&A

Frequently Asked Questions

Frequently Asked Questions

Settlement of Contracts

General

What are the settlement timelines for purchase and sell contracts for BURSA?
A. Purchase Contract
T+0 Market Day
T+1 T+2 T+3 (Due Date) T+4
  • The day where the buy order is executed.
  • Contract note is generated.
Contract note is sent to client. Client to ensure the sufficient funds for settlement of the purchase contract.
  • Shares bought will be due for payment on T + 3 market days.
  • Payment must be made no later than 12.30pm by the Third Market Day i.e. T+3 day.
If payment is not received by due date, the shares will be forced-sold on this day.
B. Sales Contract
T+0 Market Day
T+1 T+2 T+3
  • The day where the sell order is executed
  • Contract note is generated.
  • Contract note is sent to client.
Client to ensure sufficient Share for delivery.
  • Shares sold will be due to receive payment on T + 3 market days.
Note: 'T' denotes the day which a transaction was done.
   'T+1' denotes 1 market day following 'T'.
   'T+2' denotes 2 market days following and so on.
I wish to change my banking account, what should I do?
Please download “Customer Information Update form” and update your banking information. Kindly return the form together with a copy of your bank statement/savings book to your dealer’s representative/ branch.