Launch of Bursa Malaysia (“BURSA”) T+2 Settlement Cycle
Latest Notice » Launch of Bursa Malaysia (“BURSA”) T+2 Settlement Cycle
Dear i*Trade@CIMB customers,
Please be informed that with effect from 29 April 2019, the trade settlement cycle for Bursa will be shortened from T+3 to T+2. The change is as stated below:
Bursa’s shortened settlement cycle intends to increase flexibility in securities trading and harmonize post-trade infrastructure in line with leading global settlement practices. It hopes to strengthen the attractiveness and competitiveness of the Malaysian market as a listing and investment destination in the region.
In accordance to this settlement cycle change, we wish to bring to your attention, the following timeline during the transition from T+3 to T+2, whereby 2 May 2019, is deemed as the Double Settlement Day. This is depicted below:
Kindly be guided accordingly. Should you require more information on this matter, kindly click HERE for Bursa’s FAQ page on this matter.
Alternatively, you may contact your Dealer’s Representative for further assistance.
Thank you for your continuous support.
CGS-CIMB Securities Sdn Bhd (48703-W)
(A Participating Organisation of Bursa Malaysia Securities Berhad)