Dear Clients,

Please take note of the following changes:

 

  • US Securities: Starting Tuesday, May 28th, 2024, trades will settle in one business day (T+1) instead of two (T+2). This change is implemented by the U.S. Securities and Exchange Commission (SEC).
  • Canadian Securities: Effective Monday, May 27th, 2024, trades will settle in one business day (T+1) instead of two (T+2). This change is implemented by the Canadian Capital Markets Association (CCMA).

Do ensure that you make the necessary payments by due date to avoid incurring any interest charges or force-selling.

If you have any questions or need assistance during this transition, please reach out to your trading representative or email to [email protected] 

Warm regards,
KGI Securities Singapore