Tuesday September 19 2017
News Source: Global Exchanges
Focus: Other
Type: General
Country: Jamaica
Link: https://www.jamstockex.com/jamaica-stock-exchange-changes-two-day-trading-t2-settlement-cycle/
The Jamaica Stock Exchange (JSE) and its subsidiary, Jamaica Central Securities Depository Limited (JCSD), will change the time for settlement of transactions from (T+3) o (T+2). The reason behind this change is to facilitate increased liquidity and better cash management for stockbrokers and investors.
This faster settlement measures coincides with the adoption of T+2 by many other Global Markets. The transition from T+3 to T+2 is expected to occur on 11th of December, 2017.
For additional information please click the link above.