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  4. Trading Rules of Domestic Stocks
  5. Types of Transactions

Trading Rules of Domestic Stocks

There are three types of transactions for domestic stocks, regular transactions, cash transactions and when issued transactions. Regular transactions are the most basic and occupy more than 99% of trades.

"Regular" Transactions Settlement shall be made on the third business day after the day of transaction (T+2).
"Cash" Transactions Settlement shall be made on the day of transaction. "Cash" transactions are available to cross trading only.
"When issued" Transactions "When issued" transactions are used for new shares issued by companies in capital increases and stock splits.
When-issued transactions are available from the ex-dividend day to 2 days before the issuance of new shares. They are all settled 2 days after the last trading day of when-issued transactions regardless of trading date.