Post-Trade and Settlement

#Trade&SettleOnline

The problem statement

Low adoption of e-contracts and e-statement
Online settlement for trades limited by daily online banking limit of up to RM 30-50k. Cheques are still used for large value transactions

The objective

To facilitate adoption of electronic notification of contract notes and statements
To enable higher online settlement limit for stockbroking, with enhanced settlement controls by brokers

Outcomes

Move collectively towards full adoption of electronic contract notes and electronic statements through:

Strengthen requirement of controls for brokers, as part of enabling higher daily transaction limits

Payment solutions to enable brokers to offer higher settlement limit

FPX's Merchant Specific Higher Transaction Limit
(For more information, please contact PayNet at [email protected])

List of banks currently offering higher daily online settlement limit of RM100,000 (as at 31 July 2020):