Buying-In

Settlement of trades executed on SGX securities market takes place on the third market day after the trade date (T+3). If the seller does not have sufficient shares for settlement, CDP will conduct buy-in on T+4 to fulfill the seller’s delivery obligation.

The starting buy-in price for any security is 2 minimum bids above either the previous day’s closing price or any of the transacted or bid prices in the one hour preceding the commencement of buying-in, whichever is highest. The buy-in bid prices will be increased by 2 minimum bids from time to time throughout the day until the securities are bought or delivered to CDP.

CDP will charge a S$30 processing fee (subject to GST at prevailing rate) for each failed contract. A buying-in brokerage rate of 0.75% will be levied on each buying-in contract.