
from SGX website
Buying-In |
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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. |
If not interprete wrongly, CDP exe right to force buying in for a particular stock, with higher bid, which the Shortist failed to cover by end of the trading day. A mandatory fine at least $1000 or 5% of the traded counter amt, whichever is higher. And, d trader would be black listed fr then on.
Kindly visit http://www.sgx.com.sg for trading details.
upforever ( Date: 08-Sep-2009 14:27) Posted:
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