9.4.1

Past version: Effective up to 07 Oct 2018

The normal timetable for settlement of trades is as follows:—

Type of Trade Delivery by selling customer Payment to selling customer Delivery to buying customer Payment by buying customer Force-sale against customer Buying in against customer
Other DVP Other Other DVP Other DVP Other
Immediate Bargains 5 pm on T - T+1 or against delivery, whichever is later 3 pm on T+1 - T+1 - T+2 T+1
Ready Market for securities and
Futures Contracts cleared by CDP
T+3 T+3 or against delivery, whichever is later T+4 or against delivery, whichever is later T+3 T+3 T+3 T+4 T+4 T+3
Marginable
Futures
Contracts
LTD+3 - LTD+4 or against delivery whichever is later LTD+3 - LTD+ 3 - LTD+ 4 LTD+3
Ready Market for other securities 12.30 pm on T+3 - T+4 or against delivery, whichever is later 3 pm on T+4 - T+4 - T+5 T+3

Where T is the trade date and LTD is the Last Trading Day as defined in Chapter 19 (and hence, T+3/LTD+3 is the third Market Day after trade date/Last Trading Day).

Amended on 3 April 2008,3 April 2008, 23 January 200923 January 2009 and 20 November 200920 November 2009.