Clearing And Settlement

the period where a selling client should assure that he has tradable balance in the account

• T+3

• T

• T+2

• T+4

“a facility that enable depositors to convert shareholding held to physical form”

This statement refers to:

• Deposit

• Withdrawal

• Trade settlement

• Dormant

Bursa Malaysia Securities Clearing Sdn Bhd started their operating on …..

• March 1984

• November 1983

Two participants involved in Bursa Malaysia Securities Clearing Sdn Bhd are

• TCP & NTCP

• ADs & ADMs

What is Dormant Account?

• A CDS account has deposited securities

• A CDS account has no deposited securities

• The Document which gives to shareholders

• The book entry credit and debit

What is the benefits for participants if the settlement periods is shorten from T+5 to T+3?

• to generate liquidity market where buyer will receive shares and sellers receive the cash earlier

• to reduce the settlement risk exposure of institutional investors

• to enable Bursa Malaysia Clearing to make payment directly to the institutional investor’s settlement agent upon delivery of securities on the settlement day.