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 Trading Account, and not available for CPF/SRS trades.
Other faq that might help you
- What is contra?
- Can I trade contra with POEMS?
- 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 must I make payment for contra losses?
- Can my contra-profits 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?
- When will the contra loss/gain be settled?
- What is the settlement currency of contra gain and loss for contracts opted to settle in traded currency ?
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