The Botswana Stock Exchange has approved a change in its settlement cycle from T+5 to T+4. The change is effective from 2nd May.
Bopelokgale Soko, listing and trading officer for the BSE, has confirmed the settlement cycle change. The change was the result of an “extensive consultation process with all stakeholders,” he wrote in an open letter.
“Clients are to take cognizance of this change when booking trades,” a Standard Bank spokesperson wrote in a release. A communication detailing internal instruction deadline changes will be circulated soon, the spokesperson said.