For direct registered shareholders
SGSS records the date and time of orders received, and immediately sends them to selected traders for execution in accordance with the holder’s instructions. Orders received on days when the markets are closed are sent on the following trading day, depending on the necessary processing and delivery times.
For purchases: except for the purchase of rights representing fractional shares during securities transactions, acceptance of a buy order is subject to SGSS receiving a cheque that covers 50% of the expected amount of the trade (purchase price multiplied by volume purchased plus related fees and commissions). Once payment for the transaction is received, your shares will be recorded as direct registered and you will receive a statement for the stock exchange transaction. For sales: SGSS will settle with you directly by cheque or by bank transfer (please provide bank details for the account where the funds should be paid). However, the proceeds of the share transfer will be withheld by SGSS until it receives confirmation of your order (for orders placed over the telephone). For dividend payments, payments are made by cheque or by bank transfer to your account (provide your bank details in advance).
Note: when an order is placed by telephone, you must confirm it in writing.
For administered registered and bearer shareholders
Speak with your financial intermediary.