How do I pay or receive money for my share sales or contra gains/ losses?
a. Contra Gains You will receive the sale proceeds of the shares sold by cheque. All the sale proceeds cheque will be ready 3 days after the day of your sell transaction. The cheque can be received in 3 ways: i) No physical cheque will be issued. However, you can request any amount due to you to be credited electronically to your bank account, by providing us your Bank Account Number or ii) You can request the cheque to be forwarded to your remisier/ dealer or iii) You can collect the cheque personally on T+3 after 12:30pm. b. Contra Losses Cash payments for contra losses are to be settled within the grace period, that is three (3) market days from the day you sold the shares. An interest would be charged if payments were made after the grace period.
