Example:
I bought 10 lots Kinsteel yesterday, Wednesday.
T+3 will be Monday 12.30 pm.
My remisier reply:
Take up must T+3
But CONTRA can T+4 before 3pm.
So Kinsteel I can extend to Tuesday before 3pm.
A buyer will have his CDS account credited by T + 3. However, if a buyer fails to pay by 12.30pm on T + 3, the company then shall ’sell-out’ the shares to cover his outlay on T + 4. For example, if you buy a share on Monday, then the due date for your contract is on Thursday. Should a public holidays falls within 3 days settlement period or on the due date, the new due date will be the subsequent market day.
