Penalty by SGX for Short-Selling

Any oversold positions by client will be constituted as "Short Selling" and will be subjected to buying-in by SGX. Client will be responsible for any losses and fees incurred from buying-in.  

In addition to the current processing fee for buying-in of S$30 per contract, there will be a penalty of 5% of the value of the failed trade subject to a minimum of S$1,000. This penalty will take effect for trades executed from 25 September 2008 onwards. SGX will review the penalty fee from time to time to assess its effectiveness. For more details, please refer to SGX website.

Additional Information:

a) We advise you to exercise prudence in executing your sell orders. Do ensure that you have checked your correct holdings in your CDP securities account prior to submitting of your sales order.

b) We strongly encourage you to read the Company Announcement at SGX  or Bursa Malaysia and other Exchange websites for the latest corporate actions (eg: Shares Consolidation / Split, Change of Company Name, Rights Issues, Bonus Issues) before you submit your order online.

c)  View List of Securities Bought-in

d)  Frequently Ask Questions: Online Order Submission

Last updated: 23 September 2008