Frequently Asked Questions
Contra
Can I trade contra with POEMS?
Yes, contra will take effect automatically as long as it meets the criteria. The Contra period is defined as the period from the day (T) you bought the stock and the due date (D).
Please note: Contra option is available for Cash Management (KC) Account and Cash Trading Account, and not available for CPF/SRS trades.
Other faq that might help you
- What is contra?
- Which markets does POEMS offer contra trading?
- Under what circumstances is contra performed?
- Will contra be performed if the settlement currency of a SELL contract is different from that of the outstanding BUY contract?
- When is the latest date I can make payment for my contra losses?
- Can my contra gains of Stock A be used to net-off losses from Stock B?
- If I am settling by GIRO, can I contra?
- When will the contra loss/gain be settled under GIRO?
- Will I be able to settle my contra gain and loss in the traded currency?
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