All shares purchased will be due for delivery on Transaction + 3 market days (T+3). For example, if you buy a share on Monday, then the due date for your contract is on Thursday.
Please note, should the due date coincide with a:
Singapore public holiday - the new due date will be the market day before the public holiday
Japan public holiday - the new due date will be the subsequent market day
What is the settlement currency for my purchases on TSE
Trading?
Clients can choose to settle their trades in JPY or
SGD.
For those who chose settlement currency for purchases or
sales as SGD. The rate for conversion to SGD will be
based on the applicable bid/ask rates for the day.
For those who choose JPY as their currency of
settlement, in additional to choosing ‘JPY’ as the
settlement currency when placing trades on POEMS, you
need to opt for multi-currency facilities. Otherwise,
the contact settlement will be still settled in SGD,
regardless of the currency you choose.
To opt in for multi-currency facilities, you can login
into POEMS > Acct Mgt > Online Forms under Currency
conversion or contact your Trading Representatives for
further assistance. Do note that latest time for opt-in
into multi-currency facilities if a trade is already
done is by Due Date before 2.00pm (Singapore Time).
When is the settlement due date for TSE Trading?
Purchase Settlement Date
Sales Settlement Date
EPS
T+3 by 9pm
EPS
T+5
GIRO
D+2 (ensure sufficient funds in your account by D+1)
GIRO
T+4
Cheques/Cash
T+3 by 5pm
See Notes Below
Cheques
T+4
T - Day of Transaction
D - Due Date (i.e T+3)
All SGD cheques and cash payments must reach Phillip Securities latest by T+3 by 5.00pm (Singapore Time).
