VNDIRECT’s announcement of applying settlement cycle (T+2) from 1st January, 2016
• According to the general regulations, settlement cycle for stock and fund certificate transaction will be shortened from 8:45 AM on the 3rd working day after the transaction (T+3) to 4:00 PM on the 2nd working day day after the transaction (T+2).
At VNDIRECT, cash from stocks and investment certificate proceedings will be available to customers at 8:00 AM of T+2. Customers may use the cash without having to bear additional advanced fees.
• Stock and bond certificate transactions occur in 29th, 30th and 31st December, 2015, will be settled on 4th, 5th and 6th January, 2016 respectively.
• Regulation of securities transaction settlement (T+2) will be applicable to Stocks and investment certificates transactions from 04/01/2016.
06/01/2016 (Wednesday) will be the payment date for transactions on 31/12/2015 and 04/01/2016 effectively, as follows:
Stocks and investment certificates transacted on 31/12/2015 will be settled at 8:45 AM on 06/01/2016.
Cash received from stocks and investment certificates transactions on 04/01/2015 will be available at 8:00 AM and purchased stock and investment certificates will be settled at 4:00 PM of the same day.
If you have any enquiries, please contact our Call Center 1900 54 54 09 or via email: email@example.com