Tadawul begins using T+2 settlement cycle today

23/04/2017 Argaam

The Saudi Stock Exchange (Tadawul) will switch to the T+2 settlement cycle, which allows a two-day settlement period for transactions, for listed securities as of today, the bourse said in a statement.

 

All trial runs have been completed to ensure full technical and functional readiness, as well as market connectivity, the statement added.

 

The new settlement will not have an impact on traders.

 

The move comes as Tadawul aims to operate according to leading global settlement practices.

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