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Dear Client,

 

Shortening of the US securities transaction settlement cycle to T+1 trade day and upward adjustment of U.S. SEC Levy

 

Thank you for choosing our service! The standard settlement cycle for transactions in US securities will be shortened from two business days after the trade date (T+2) to one business day after trading (T+1), such change aims to enhance efficiency and reduce risk in the securities market. This new settlement cycle will be effective from 28 May 2024 onwards.

 

In addition, the U.S. Securities and Exchange Commission (“SEC”) will upward adjust the SEC Levy (Applicable to Sales of U.S. securities Only) from 0.0008% to 0.00278%, of the dollar value of aggregated sales,  with minimum charge of USD0.01 per sell order unchanged. Effective from 20 MAY 2024 (Trade day) onwards.

 

Clients are reminded to make appropriate financial arrangements when necessary.

 

For inquiries, please contact our customer service hotline on:  +852 3150 7728 (Hong Kong)  +86 755 8206 0899 (Mainland China)  +853 8796 5888 (Macau).

 

For and on behalf of

Well Link Securities Limited

( CE No. AMB404 )

 

This is a computer printout. No signature is required.


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2024-05-27

Shortening of the US securities transaction settlement cycle to T+1 trade day and upward adjustment of U.S. SEC Levy

Dear Client,

 

Shortening of the US securities transaction settlement cycle to T+1 trade day and upward adjustment of U.S. SEC Levy

 

Thank you for choosing our service! The standard settlement cycle for transactions in US securities will be shortened from two business days after the trade date (T+2) to one business day after trading (T+1), such change aims to enhance efficiency and reduce risk in the securities market. This new settlement cycle will be effective from 28 May 2024 onwards.

 

In addition, the U.S. Securities and Exchange Commission (“SEC”) will upward adjust the SEC Levy (Applicable to Sales of U.S. securities Only) from 0.0008% to 0.00278%, of the dollar value of aggregated sales,  with minimum charge of USD0.01 per sell order unchanged. Effective from 20 MAY 2024 (Trade day) onwards.

 

Clients are reminded to make appropriate financial arrangements when necessary.

 

For inquiries, please contact our customer service hotline on:  +852 3150 7728 (Hong Kong)  +86 755 8206 0899 (Mainland China)  +853 8796 5888 (Macau).

 

For and on behalf of

Well Link Securities Limited

( CE No. AMB404 )

 

This is a computer printout. No signature is required.