Buy-in Process http://www.sgx.com/wps/wcm/connect/mp_en/site/trading_on_sgx/securities_market/securities_clearing/Buying-In?presentationtemplate=design_lib/PT_Printer_Friendly
Settlement of trades executed on SGX securities market takes place on the third market day after the trade date T+3, T being the trade date. When a seller does not have sufficient shares in the account for settlement by 12noon on T+3, CDP will conduct buy-in on that afternoon to fulfil the seller’s delivery obligation.
The starting buy-in price for any security is 2 minimum bids above either the previous day’s closing price or any of the transacted or bid prices in one hour preceding commencement of the buy-in, whichever is higher. The buy-in bid prices will increase by 2 minimum bids from time to time throughout the day until the securities are bought or delivered to CDP.
CDP charges a processing fee of S$75.00 (S$80.25 inclusive of GST) for each failed contract. A brokerage rate of 0.75% will be levied on each buy-in contract.
欧阳鹏希
今天olam buy-in market 有一个700，000巨量的单子要做。哈哈，同情这兄弟