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Singapore Exchange (SGX)
29-11-2017, 11:20 PM,
Post: #771
RE: Singapore Exchange (SGX)
Singapore Exchange Aims for Faster Trade Settlement Next Year

By Abhishek Vishnoi
November 29, 2017, 5:10 PM GMT+8

Singapore Exchange Ltd. plans to speed up clearing and settlement of securities to reduce systemic risks and bring the island nation’s market in line with global standards.

The exchange wants to shorten the settlement cycle to two days from three, introduce simultaneous settlement of securities and cash, and ensure payments of Singapore dollar transactions will be carried through MAS Electronic Payment System instead of commercial banks, it said on Wednesday.

The moves, which were presented in a consultation paper, will bring SGX in line with exchanges in Hong Kong, the U.S., Europe and Australia, which operate on a two-day settlement cycle. Indonesia and Thailand are contemplating similar moves.

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