KLSE Executive Chairman Dato’ Mohd Azlan Hashim said participants in the securities industry, such as stockbroking companies and custodian banks, have indicated a high degree of readiness for T+3.
"Consultation with industry participants was undertaken to ensure feedback is received and concerns are addressed in implementing T+3. This effort has indicated that industry participants are fully aware of the benefits of T+3 and ready to participate in the improved system.
"The benefit of T+3 extends to the various industry participants. Investors will particularly benefit from the shorter settlement period, which reduces risk and exposure as shares and cash are settled earlier.
"For international investors, T+3 standardises the settlement system in line with the settlement systems of major international exchanges, thus facilitating investment operations. International investors will also derive the advantages of reduction in market risk and exposure and greater liquidity as shares and cash are settled earlier under T+3," he said.
To ensure industry participants and investors are kept fully informed, details on T+3 are available on the KLSE Web-site at www.klse.com.my/website/trdgstlm/t+3.htm
