9.1A Settlement Basis and Eligibility for Clearing by CDP
Unless otherwise stated by SGX-ST and subject to Rule 9.1A.2, the Intended Settlement Day and eligibility for clearing of a trade that is executed on the Trading System or reported to SGX-ST is as indicated below:
Ready market (for securities other than wholesale corporate bonds) T+2 Eligible for clearing by CDP Market for Marginable Futures Contracts LTD+2 Eligible for clearing by CDP Market for wholesale corporate bonds T+2 Not eligible for clearing by CDP Unit share market (for securities other than wholesale corporate bonds) T+2 Eligible for clearing by CDP Buying-in market T+1 Eligible for clearing by CDP
Where T is the date on which the trade is executed and LTD is the Last Trading Day.
SGX-ST may change the trading period and settlement date.
If the day indicated in Rule 9.1A.1 is a holiday for the foreign currency in which a trade is to be settled, the Intended Settlement Day for that trade will be the next common banking day on which CDP is open for business.
In this Rule, "common banking day" means a day on which (a) Singapore banks and (b) the relevant bank transfer clearing system designated by CDP for the foreign currency, are both open for settlement.