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BRIEF-Singapore Exchange Announces Proposals To Make Securities Settlement And Clearing Safer
November 29, 2017 / 9:32 AM / 16 days ago

BRIEF-Singapore Exchange Announces Proposals To Make Securities Settlement And Clearing Safer

Nov 29 (Reuters) - Singapore Exchange Ltd:

* PROPOSES TO MAKE SECURITIES SETTLEMENT AND CLEARING SAFER AND ALIGNED WITH GLOBAL PRACTICES‍​

* PROPOSED IMPROVEMENTS FOR RISK REDUCTION INCLUDE SHORTER SECURITIES SETTLEMENT CYCLE OF TWO DAYS INSTEAD OF THREE DAYS​‍​

* P‍ROPOSED IMPROVEMENTS FOR RISK REDUCTION INCLUDE SIMULTANEOUS SECURITIES AND MONEY SETTLEMENT​‍​

* SGX IS TARGETING TO INTRODUCE THE CHANGES BY THE SECOND HALF OF 2018‍​

* PROSPOSES THAT ‍INVESTORS WITH SHARES IN CDP DIRECT ACCOUNTS HAVE OPTION OF GIVING BROKER VISIBILITY OVER SPECIFIC HOLDINGS ‍​

* AIMS TO INTRODUCE OPTION OF BROKER VISIBILITY OVER SPECIFIC HOLDINGS BY CREATING A BROKER-LINKED BALANCE OF HOLDINGS​‍​ Source text for Eikon: Further company coverage:

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