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SETTLEMENT PERIOD
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lovely2010
#1 Posted : Wednesday, June 01, 2011 12:14:19 AM
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Joined: 10/25/2010
Posts: 519
Location: nairobi
I hear settlement period has been reduced to 3 days...doesnt excite me much...or Im just one woman who is never satisfied!!!
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Aguytrying
#2 Posted : Wednesday, June 01, 2011 6:27:45 AM
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Joined: 7/11/2010
Posts: 5,040
It would be nice if true. Half a loaf is better than no bread.
The investor's chief problem - and even his worst enemy - is likely to be himself
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jerry
#3 Posted : Wednesday, June 01, 2011 8:16:05 AM
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Joined: 9/29/2006
Posts: 2,570
lovely2010 wrote:
I hear settlement period has been reduced to 3 days...doesnt excite me much...or Im just one woman who is never satisfied!!!

=>What is the effective date?
The opposite of courage is not cowardice, it's conformity.
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Tommy
#4 Posted : Wednesday, June 01, 2011 10:36:39 AM
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Joined: 12/9/2010
Posts: 894
Location: Nairobi
this is a welcome move.
Don't wait for the Last Judgment. It happens every day. ~Albert Camus, The Fall, 1956
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invest0r
#5 Posted : Wednesday, June 01, 2011 10:42:31 AM
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Joined: 12/15/2010
Posts: 162
jerry wrote:
lovely2010 wrote:
I hear settlement period has been reduced to 3 days...doesnt excite me much...or Im just one woman who is never satisfied!!!

=>What is the effective date?


4th July 2011
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mlennyma
#6 Posted : Wednesday, June 01, 2011 11:04:48 AM
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Joined: 7/21/2010
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Location: nairobi
Doesnt mean much for an online trader whose funds are available for the next transaction immediately.
"Don't let the fear of losing be greater than the excitement of winning."
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jerry
#7 Posted : Wednesday, June 01, 2011 12:16:23 PM
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Joined: 9/29/2006
Posts: 2,570
mlennyma wrote:
Doesnt mean much for an online trader whose funds are available for the next transaction immediately.

=>Look at it in another way. Faster settlement also means shares will be available for sale faster after you buy them i.e. 3 days later instead of 5. Ama?

@investOr. Thanks.
The opposite of courage is not cowardice, it's conformity.
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mgeman
#8 Posted : Wednesday, June 01, 2011 12:28:25 PM
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Joined: 11/5/2010
Posts: 131
Location: kenya
My dear Lovely si uweke link tucomment from a point of information
I am an African

-Thambo Mbeki Speech
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lovely2010
#9 Posted : Wednesday, June 01, 2011 6:43:04 PM
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Joined: 10/25/2010
Posts: 519
Location: nairobi
mgeman wrote:
My dear Lovely si uweke link tucomment from a point of information


I overheard on one of the radio station, must be capital, wasn't concetrating but I heard the words SETTLEMENT PERIOD and THREE DAYS...
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mgeman
#10 Posted : Wednesday, June 01, 2011 7:34:05 PM
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Joined: 11/5/2010
Posts: 131
Location: kenya
lovely2010 wrote:
mgeman wrote:
My dear Lovely si uweke link tucomment from a point of information


I overheard on one of the radio station, must be capital, wasn't concetrating but I heard the words SETTLEMENT PERIOD and THREE DAYS...

Hope it was from a reliable source. Anyone in the house with a link?
I am an African

-Thambo Mbeki Speech
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Impunity
#11 Posted : Wednesday, June 01, 2011 9:07:49 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,330
Location: Masada
Hope the source is not the Star!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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invest0r
#12 Posted : Thursday, June 02, 2011 9:50:01 AM
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Joined: 12/15/2010
Posts: 162
The link:

http://www.nse.co.ke/newsite/pd...31%2005%202011%20_3_.pdf

Summary:
Settlement cycle reduces from T+4 to T+3
Effective date is 4th July 2011
'This move is in line with international best practice. The efficiency that will come with a shorter settlement cycle will improve liquidity in the market for listed equity securities making our market more attractive to domestic and foreign investors' maneno ya Eddy
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