SGX moves to T+2 securities settlement cycle starting Dec 10

Singapore

THE Singapore Exchange (SGX) will launch a new securities settlement and depository framework and system on Dec 10, which will reduce settlement cycles from three to two days (T+2) and enable simultaneous settlement of money and securities.

In a press release on Tuesday, SGX said that the T+2 settlement cycle will synchronise the Singapore bourse with global markets including Australia, the European Union, Hong Kong and the US.