|
Home »
Latest Notice » US and Canada Securities Settlement Cycle Change to T+1
|
|
US and Canada Securities Settlement Cycle Change to T+1
|
Dear CGS iTrade customers, |
|
|
|
Please be informed that US and Canada markets settlement cycle will be shortened to T+1 with the following effective date. |
|
|
|
|
|
Market |
Effective Date |
|
US* |
Tuesday, 28 May 2024 |
|
Canada |
Monday, 27 May 2024 |
|
|
*US market is closed for Memorial Day holiday on Monday, 27 May 2024. |
|
|
|
How will it impact CGS iTrade (MY) for US markets? |
|
Current |
Effective Date |
|
iTrade will display the US contract on T+2. |
iTrade will display US contract on T+1, as early as 2 pm for client to perform setttlement |
|
|
|
|
US Settlement cycle T+1 transition timeline will be as below. |
|
|
|
|
|
For more information, please visit here. |
|
|
|
If you have further enquiries, please contact your Dealer's Representative. Alternatively, you may contact |
|
or email our Call Centre. Click here for more details. |
|
|
|
Your sincerely, |
|
|
|
CGS International Securities Malaysia Sdn.Bhd. (formerly known as CGS-CIMB Securities Sdn.Bhd.) |
|
(Co. Reg 197901004504 | 48703-W) |
|
(A participating Organisation of Bursa Malaysia Securities Berhad) |
|
|
|
|
|
|
|
