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eastman47 LV16
发表于 22-1-2015 19:08:57
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SGX will regard the sale transaction as a short-sell and will conduct a buying-in on due date if:
You are unable to cover back the short position on the same trading day ; or
You do not have sufficient “free balance” securities in your CDP account by 12 noon on due date (i.e. T+3 market days) for delivery*.
* Note: With effective settlement date of 14 December 2009 onwards, CDP will not accommodate any withdrawal of buying-in requests on T+3 should the securities subsequently become available on T+3 after the 12pm cut-off time.
Penalty fees for buying-in by SGX
If the buying-in is completed by SGX at the end of trade date + 3, no penalty will be imposed.
However, if the buying-in by SGX is unsuccessful on trade date + 3, SGX will continue on trade date + 4 and trade date + 5.
SGX will impose a penalty of S$1000 or 5% of the value of the failed trade that was not bought-in (whichever is higher) at the end of T+3.
OCBC Securities reserves the right to recover such fine / penalty arising from the failed delivery from the client.
Other fees for buying-in
Processing fee by SGX: S$75 per contract
Commission charged by SGX: 0.75% of contract value
Note:
All fees are subject to the prevailing GST rate.
You will need to settle any losses and fees that were incurred from the buying-in conducted by SGX. |
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