MANILA  -The Securities and Exchange Commission (SEC) raised the Philippine capital markets closer to global standards after cutting the payment cycle for stock market trades to two days from three days. The shortened settlement cycle means stock purchases by a customer in a cash account should now be paid in full within two business days after the trade date. This was compared to the previous rule allowing three days, per the amendment on Securities Regulation Code (SRC) Rule 50. The new settlement regime was implemented on Aug.

https://business.inquirer.net/418036/sec-shortens-settlement-of-stock-trades-to-just-2-days

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