SEC just clarified something important for the stock market.
From now on, all equities and commodities trades settled through CSCS must be fully completed by 5pm the next business day. That’s the new T+1 settlement deadline.
If you buy or sell shares today, the money and the shares must change hands by 5pm tomorrow. No delays.
Foreign investors don’t have to put money in their accounts before they trade. Their local brokers are the ones who must make sure the funds are ready on time.
This should make the market faster and reduce risk for everyone.
"These are the reasons why I won’t vote Peter Obi". I won’t vote him alone. I will vote him with my family, friends and all associates I can rally.
Will you?