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Settlement Procedure

The settlement period varies with the category of shares. For any category other than Z-category, that is A-category, B-category, G-category and N-category, the settlement period is T+2 days (transaction date + two working days) for both buying and (T+1) selling of shares. For Z-category shares, the settlement period is T+3 days (buy settlement). However, when a stock is traded in the spot market, the settlement period is T+0 day (sell settlement) for all categories of share and T+1 for buy settlement. The settlement process is done mutually by the brokerage house (BRAC EPL Stock Brokerage Limited) and the custodian bank at DVP (Delivery VS Payment).