TSE Plans To Abolish T+4 Settlements On R/D

On 24 February 2009, TSE announced its basic policies on abolishing T+4 settlement and consolidate all settlements on a T+3 basis scheduled to be effective around autumn of this year. Currently, trades which are made 4 business days prior to

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On 24 February 2009, TSE announced its basic policies on abolishing T+4 settlement and consolidate all settlements on a T+3 basis scheduled to be effective around autumn of this year. Currently, trades which are made 4 business days prior to R/D (record date) of dividends adopt irregular T+4 settlement cycle.

This was stipulated to avoid operational confusions on R/D under the pre-dematerialized environment. However, with the implementation of dematerialization, talks had been made with the concerned parties for the abolishment of this irregular settlement cycle, and now TSE approved its basic policies of the abolishment on their board meeting.

Please refer to the TSE website for further details of the announcement.

D.C.

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