Few days ago my dealer called and told me about new system on forced selling day T+4.
Although I didn't fully understand the new system.. this is what she said
(for RHBInvest user)
Before this, my dealer give me time until 4.50pm to sell my shares on T+4, sometimes she give me chance until 4.55 if she see I'm already in q almost going to be matched..
But with the new system, at 4.45pm system will calculate the closing price...
the closing price can be at buyer side or seller side...
within the last 10 mins, u can't enter other price beside the closing price... this is to buy it is?
if there is no buyer... ur q may stuck there, so there is a possibility u couldn't get matched on ur T+4 day.
Does this means I can't even throw to sell into buyer q?
Therefore, RHBInvest set by 4.30pm u must sell the shares for T+4, if not ur dealer will do it for you.
This is to avoid getting stuck at last mins.
This post has been edited by tsarena: Nov 30 2008, 12:14 AM
Nov 30 2008, 12:13 AM
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