SIDC Module 6 Clearing, delivery, settlement and corporate actions question: shares on-market on a Thursday

SIDC Module 6Clearing, delivery, settlement and corporate actions

A client buys shares on-market on a Thursday. With no public holidays, by when must he pay his Participating Organisation?

A 2.00 p.m. on Friday
B 2.00 p.m. on Monday
C 12.30 p.m. on Tuesday
D 5.00 p.m. on Wednesday

Show the answer and explanation

Answer: B. 2.00 p.m. on Monday

Bursa Securities settles On-Market Transactions on a T+2 basis. Under Rule 9.09(2) and Schedule 2 of the Rules of Bursa Malaysia Securities, the buying client must pay the PO not later than 2.00 p.m. on T+2. From a Thursday contract date, T+1 is Friday and T+2 is Monday, so payment is due by 2.00 p.m. on Monday. Friday is only T+1. Tuesday (T+3) is the end of the selling-out window, not the payment deadline. Wednesday (T+4) has no role in the Schedule 2 timetable. Source: Rules of Bursa Malaysia Securities Rule 9.09(2), Schedule 2; Rules of Bursa Malaysia Securities Clearing Rule 5.3(h) (as at October 2026).

Common mistake

Counting calendar days across the weekend instead of Market Days.

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Related SIDC Module 6 questions

A client sells shares on a Monday. With no public holidays, the shares reach his CDS account as Tradeable Balance at 11.00 a.m. on Wednesday. What happens?Automatic buying-in of a share takes place in the afternoon of T+2. The share's previous-day closing price was RM4.20 and its morning-session last done price RM4.26. What is the buying-in bid price?A cum-dividend contract fails and buying-in takes place in the afternoon of the ex-date. The last cum price was RM2.50 and the morning last done price RM2.38. What is the buying-in bid price?

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Original study material mapped to the public SIDC Module 6 syllabus. Unofficial, not endorsed by SIDC or the SC. Verify figures and rules against current guidance before relying on them.