📞US Trading Night Desk
Available 9pm-1am (Singapore Time)
Tel: +65 6533 4192 / 9703
US MARKET: PAYMENT TIMELINE FOR BUY CONTRACTS
To check the amount outstanding and due date, go to your online
trading platform / App: Account Management > Outstanding Positions.
You will also receive an email to retrieve your contract statement on
the platform the next working day after the trade.
If you intend to pick up your shares (ie. make payment):
- Payments are officially due on T+2. As a practice, you have extra 2 days grace.
- Please make arrangements for Lim & Tan to receive payment by latest T+5 (morning for EPS, afternoon for USD cheques), T being the Trade day.
- Force-selling occurs on T+5 (US trading session).
- You will need to prepare and/or give a time buffer for different payment modes.
- Please refer to this article on currencies and how to make payment: US Market: Which Currency To Choose?
If you intend to contra off (ie. sell off without making payment):
- Please sell off by latest T+4, US trading session.
- Please refer to this article on currencies for contra: US Market: Which Currency To Choose
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