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Sri Lanka Equity Forum » Stock Market & Forum Help » interest charges for t+5

interest charges for t+5

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1 interest charges for t+5 on Sun Apr 03, 2011 1:17 pm

babytrader


Equity Analytic
Equity Analytic
Hi

Just wondering if you guys have had the same experience as me. I looked through my detailed transactions lately and found that , there was a mandatory interest penalty for
some stocks that was paid 1 day late.

Is this usual or is it a recent thing ?

2 Re: interest charges for t+5 on Sun Apr 03, 2011 7:00 pm

milanka

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
babytrader wrote:Hi
there was a mandatory interest penalty for
some stocks that was paid 1 day late.

Is this usual or is it a recent thing ?

What do you mean , You paid on T+4 or on T+6 ?
After t+5 they could even sell , so if you mean if they add interest only on t+6 , you are lucky.

but if you paid on t+4 orT+5 , normaly my broker add the interest before the payment but once the payment is done they just remove it.

http://forum.srilankaequity.com/u188

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