It came to my attention that Lim & Tan has changed the settlement period from T+3 to T+5. Thus the company will do force selling on T+6 when no payment is made by T+5.
Now clients have two extra days to make their stocks settlement when they transact through Lim & Tan platform. That is a piece of good news for contra traders.
The information was sent through email from my remisier. So please note that I couldn’t find the official announcement from their website though. Therefore it is advisable that you consult the dealer or remisier of your own account for confirmation. But my remisier did inform me that the policy applies to all clients.
Monday, July 7, 2008
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