Dear valued i*Trade@CIMB customers,
In light of the recent rule amendment by the Securities and Exchanges Commission, the trade settlement cycle for US markets will be revised from three business days (T+3) to two business days (T+2) with effect from 5 September 2017.
The shortened settlement cycle aims to reduce credit, market and liquidity risks, promote financial stability, and align the US Stock Exchanges with other T+2 settlement markets globally.
For more information, please click on this link. https://www.sec.gov/news/press-release/2017-68-0.
Alternatively, you may contact your Dealer’s Representative or Authorised Officer of CIMB Bank Berhad for further assistance.
Thank you for your continuous support.
CIMB Investment Bank Berhad (18417-M)
(A Participating Organisation of Bursa Malaysia Securities Berhad)