Malaysia will shorten its securities settlement cycle by the end of this year at the latest, according to Ungku Razak, deputy president of the Kuala Lumpur Stock Exchange KLSE.
Razak told delegates at a custody and settlement conference on Wednesday that the KLSE had a specific launch date in mind for a T3 securities settlement cycle and it would be in December, adding that the exchange would start a mock run of the operations with industry participants soon. Malaysia currently runs on a T5 settlement cycle.
The move to shorten the settlement cycle from 5 days to 3 days will have a positive impact on the industry. While the change...
