This is the last post of the Actual Operation of Warrant Trading. In our last post, we will talk about the last trading day, expiry date and payout date.
If an investor waits until the maturity to ask the broker to sell his warrant holdings on hand, the instruction may be rejected. It is because that the last trading day has passed!
If it is only at the last minute that you find out the last trading day is before the expiry date, you might have lost the last chance for selling. Under the requirements of the Singapore stock exchange, the last trading day of a warrant must be the fourth trading day (excluding any Saturday, Sunday or public holiday) before its expiry date. In fact, investors may work that out for themselves with reference to the expiry date disclosed by the issuer.
Let us look at the example of SPCSGAECW081013. From the code, the expiry date is on the 13th October 2008 and the last day of trading will be on 7th October 2008 that is fourth trading day before expiry. Based on these terms, the trading came to an end after 7th October 2008.
When a warrant has expired, the issuer will transfer the settlement amount to the securities settlement account of the investor through the Central Depository (CDP). Generally, the payout date is around three working days afterwards when the money is transferred to the CDP (depending on the specific arrangements of the issuer concerned). The money will then be redirected to the investor by his or her broker or bank.
There will always be 5 valuation dates. In other words, the closing price of a valuation date may be used twice should there be a Market Disruption Event (MDE) on the previous valuation date. The Macquarie Warrant Hotshot competition begins today at 0900H, all the best for those who have sign up for the game.
Subscribe to:
Post Comments (Atom)
9 comments:
Actual Operation of Warrant Trading -definition is good and i also need to share with you my topic:
SEO Firm India, for more information please visit:-
http://www.wildnettechnologies.com/seo-company-india/seo-firm.htm
I have been looking around for this kind of information. Will you post some more in future.I’ll be grateful if you will.I've been doing some research on which top seo company would be the best for me. I'm really looking for a company that knows what they're doing and have me and my site's best interest in mind. I figure they'll do well if my work is doing well. One of the places I'm looking into is www.bergstrom-seo.com. I was wondering if you've ever dealt with them and what your opinion of them is. I'm kind of nervous about just jumping in and working with a company before I get other people's opinions on them. I really like to hear about others' experiences. Working with a top seo company is new to me so I'd rather use good judgement than just a gut feeling when deciding who to work with.
Ready to get Buy one way Link, just go to http://www.links-building.com/one-way-link-building.php for high quality and Complete Link Building.
yeah theyre making moves to make celebs highlight any paid promotional posts... good thing too.
directory listings service
Directory Submissions service
Article writing services
My daughter has had
this for almost 3 months now and is very pleased with it. It heats rapidly and her hair doesn't look dry after using it. It doesn't seem to have the "cord" issues that she had with her chi.
I loved the definite hold and curl this
product kept in my hair. I did not try it alone as another reviewer did, but instead used it with the Moroccan Treatment (oil) product and they seemed to complement each other perfectly. If you have curls
like me and want them to look defined and beautiful, then you will like this product in conjunction with Moroccan Treatment.
Very helpful blog! .Thank you so much.
Christmas Images
Hello just wanted to give you a quick heads up. The words in your content seem to be running off the screen in Firefox. I’m not sure if this is a formatting issue or something to do with internet browser compatibility but I thought I’d post to let you know. The design and style look great though! Hope you get the problem solved soon. Thanks
local seo solutions
Post a Comment