Investor in securities listed on the Jamaica Stock Exchange (JSE) starting December 11, this year, will see a change in the time required to settle transactions, from 3 days to 2.
The stock exchange and Jamaica Central Securities Depository (JCSD), will change the time for settlement of transactions from the current period of trade date plus three (3) days (T+3) to trade date plus two (2) days (T+2).
According to the exchange, “this faster settlement cycle will align the JCSD to International Standards, facilitate Increased liquidity and better cash management for stockbrokers and investors, and be generally more efficient for all stakeholders.”
“The change to T+2 will see the JSE on par with other global markets by the end of 2017,” said JSE’s Managing Director, Marlene Street Forrest.
Earlier JSE trade settlement coming
September 19, 2017 by
