Almost forgot this important point!
KLSE Trading Days: Mon - Fri (excluding public holidays)
Morning Trading Session: 9:00am - 12:30pm
Afternoon Trading Session: 2:30pm - 5:00pm
Morning Trading Session: 9:00am - 12:30pm
Afternoon Trading Session: 2:30pm - 5:00pm
Delivery: 3 Market Days
The KLSE implements a Delivery by Third Market Day rule.
Sellers should ensure that they have sufficient Tradeable Balance of securities in their accounts by the second market day following the date of contract.
Automatic buy-in is implemented against defaulting Participating Organizations on the third market day after the date of contract.
Payments
Payment for contracts done on a normal basis is to be made by Participating Organizations to Sellers not later than 12.30pm on the third market day after the date of contract.
Payments by Buyers to Participating Organizations are to be made no later than 12.30pm on the third market day following the date of contract.
Selling Out
The KLSE has ruled that Participating Organizations are to close-off purchase positions of their respective clients who do not pay for their purchases by 12.30pm on the third market day after the contract date. Participating Organizations are to institute a selling out by the fourth market day.
The KLSE implements a Delivery by Third Market Day rule.
Sellers should ensure that they have sufficient Tradeable Balance of securities in their accounts by the second market day following the date of contract.
Automatic buy-in is implemented against defaulting Participating Organizations on the third market day after the date of contract.
Payments
Payment for contracts done on a normal basis is to be made by Participating Organizations to Sellers not later than 12.30pm on the third market day after the date of contract.
Payments by Buyers to Participating Organizations are to be made no later than 12.30pm on the third market day following the date of contract.
Selling Out
The KLSE has ruled that Participating Organizations are to close-off purchase positions of their respective clients who do not pay for their purchases by 12.30pm on the third market day after the contract date. Participating Organizations are to institute a selling out by the fourth market day.
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