T-5 extend to T15 ?

jaya · 1 T-5 extend to T15 ? Thu May 12, 2011 10:20 pm

jaya

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Does the SEC going to extend Credit clearance up to end of year instead of End of June and T+5 force selling to T-15? Smell like that... any one else heard?

wis · 2 Re: T-5 extend to T15 ? Thu May 12, 2011 10:26 pm

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And are they going to refund the people who sold at a loss too?

Wind · 3 Re: T-5 extend to T15 ? Thu May 12, 2011 10:47 pm

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I don't think. They will wait till all the small investors die and then , relax the rules

Quibit · 4 Re: T-5 extend to T15 ? Fri May 13, 2011 12:22 am

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This is a pipe dream!!!

Aladin · 5 Re: T-5 extend to T15 ? Fri May 13, 2011 12:42 am

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jaya wrote:Does the SEC going to extend Credit clearance up to end of year instead of End of June and T+5 force selling to T-15? Smell like that... any one else heard?

Dream will come true QB Smile

me too heard.

Antonym · 6 Re: T-5 extend to T15 ? Fri May 13, 2011 3:36 am

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I hope not. What markets hate most is uncertainty.

If the SEC comes across as fickle-minded, that would give a bad impression. It would be better if they stuck to their decisions.

chamith · 7 Re: T-5 extend to T15 ? Fri May 13, 2011 3:58 am

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i agree with u antonym.
if even in dreams this come true, ppl will start buying massively and will be crying to dump them near the time, like now....

tkc · 8 Re: T-5 extend to T15 ? Fri May 13, 2011 7:12 am

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chamith wrote:i agree with u antonym.
if even in dreams this come true, ppl will start buying massively and will be crying to dump them near the time, like now....

Yes chamith!! this is just like a circle.......

milanka · 9 Re: T-5 extend to T15 ? Fri May 13, 2011 7:24 am

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As SEC head complets the 1st year in Office , she may intend to give us a gift.
http://www.ft.lk/2011/05/13/one-year-on-no-regrets-but-happy-says-sec-chief/

Soundchips · 10 Re: T-5 extend to T15 ? Fri May 13, 2011 7:58 am

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milanka wrote:As SEC head complets the 1st year in Office , she may intend to give us a gift.
http://www.ft.lk/2011/05/13/one-year-on-no-regrets-but-happy-says-sec-chief/

good article. .. & EU also supporting...

CSE Today · 11 Re: T-5 extend to T15 ? Fri May 13, 2011 9:27 am

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The 30th JUNE credit clearance dead line should not be extended, we should start a new leaf of life on 0 level from JULY instead of (-) credit, then SEC can decide upon extending the T+5 to T+10 or somewhere closer and strictly monitor all the brokers on monthly basis for their client account credit provisions, this will help to maintain the CSE on solidity and prevent any BUBBLE situation in the future.

at the moment T+5 [for sure its like getting fired by T 56] is a good move from the perspective of the sustainability of the market & from the other side I guess its not to the much joy of retailers...

Cheers ..Madam Indrani Sugathadasa,...I appreciate your good effort & timely intervention on preventing a Possible Bubble Bust...go ahead & I propose its time to relax some rules from JULY...! Let me propose an option...relax the T+5 to T+10 or T+15 with calculating & adding Interest to credit from T+5 onwards to the date of full clearance & if unsettled by T+15 then as usual go for Force Selling...!.

wiki · 12 Re: T-5 extend to T15 ? Fri May 13, 2011 11:14 am

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I also got this news (rumor) through my broker but he also not sure about it.

In my opinion..no point in extending credit clearance deadline. If SEC stick to its deadline we can start July with clear idea and we can interpret how other factors effect on the market.

If it is extending that's means there is huge credit still left and CSE cannot bear its clearance even after giving 9 months.

Last edited by wiki on Fri May 13, 2011 11:18 am; edited 1 time in total (Reason for editing : added new sentence)

Hiru · 13 Re: T-5 extend to T15 ? Fri May 13, 2011 5:41 pm

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Hope any extension to T+5 would be very bad news for the people who have lost their money to follow the current rule, therefore it should be avoided.

Further, this would be read as the regulators are not sure about what they are doing, so its not a good move. Its like the people work under an employer who has vague plans.

pushpakumara · 14 Re: T-5 extend to T15 ? Fri May 13, 2011 7:53 pm

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It is not a bad idea. If SEC Can estend the T+5 to T+10 initially, may be after end of June and monitor the situation for sometime and if they see any improvement they can extend it to T+15. I think it is a fair decision and good for all types of investors who will definitley welcome this idea.

In current context 5 days is a little time period and hardly any time to see any price movements unless you have some luck during the 5 days. Once we reach T+5 even we do not like, the selling presure is there and we tend to sell shares to avoid our names being given to SEC. (According to my broker) for defaulting the payments.

I think, most of the investors use their credit to buy shares (SEC Can do a analysis on this area to see the amount of credit being used by investors daily basis to get an idea)and suppose 90% investors sell at last moment to avoid T+5 SEC can understand the gravity of impact on ASI due to T+ 5 rule.

This is my personal opinion and wish to hear any comments on this topic which I found very interesting.

Also upward movement of ASI during last two days may be partialy due to this rumour (Only a guess)?

Aamiable · 15 Re: T-5 extend to T15 ? Fri May 13, 2011 10:06 pm

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Overall trend is upward………….. .. however, there is a slight downward movement due to credit issue in June,………… real upward growth could be seen in… August September.

http://www.bloomberg.com/apps/quote?ticker=CSEALL:IND

Normal upward trend …. .. without having any concerns may be expected beyond 2012…..

mark · 16 Re: T-5 extend to T15 ? Sat May 14, 2011 7:50 pm

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jaya wrote:Does the SEC going to extend Credit clearance up to end of year instead of End of June and T+5 force selling to T-15? Smell like that... any one else heard?

i think they don't want to continue this bleeding for further........
it will be a worst decision if they going to extent it,just let it to be finish this headache from june end....... Evil or Very Mad

Gaja · 17 Re: T-5 extend to T15 ? Sat May 14, 2011 8:07 pm

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I think whether decisions are good or bad, once they implemented they need to stand by it, ( i hope they implement after careful study and on ad hoc basis ), because investors not like rules being change from time to time

Aamiable · 18 Re: T-5 extend to T15 ? Sat May 14, 2011 8:30 pm

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mark wrote:

jaya wrote:Does the SEC going to extend Credit clearance up to end of year instead of End of June and T+5 force selling to T-15? Smell like that... any one else heard?

i think they don't want to continue this bleeding for further........
it will be a worst decision if they going to extent it,just let it to be finish this headache from june end.......

you think... if they extend this headache….. until then investments and foreigners may not show an interest ……market might further erode….. Exclamation

ansar · 19 Re: T-5 extend to T15 ? Sun May 15, 2011 7:42 am

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UNDER THE STRONG LEADERSHIP AND FIRM DECISIONS, PEOPLE, COMPANIES AND EVEN COUNTRIES DEVELOP FASTER. THEN ONLY THE PEOPLE KEEP TRUST ON THEM; DO INVESTMENT WITHOUT FEAR.
NO ONE CAN CURE THE PEOPLE WHO HAVE ALREADY BURNT THEIR FINGERS. IF SEC RELAXES ITS RULES NOW, THAT WILL AFFECT THEIR HEART EVEN.
So... let the tsunami go away as scheduled.
But, the extension of T+5 up to T+15 and stat of interest after T+5 would be a very good move as 'sold notes' get delayed due to postal disturbances as well. This could be done after June
Interest is at last, proved to be a blood cancer, I think.
I HOPE PEOPLE SHOULD LIVE IN AN INTEREST FREE WORLD.

-ANSAR

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T-5 extend to T15 ?

1 T-5 extend to T15 ? Thu May 12, 2011 10:20 pm

jaya

2 Re: T-5 extend to T15 ? Thu May 12, 2011 10:26 pm

wis

3 Re: T-5 extend to T15 ? Thu May 12, 2011 10:47 pm

Wind

4 Re: T-5 extend to T15 ? Fri May 13, 2011 12:22 am

Quibit

5 Re: T-5 extend to T15 ? Fri May 13, 2011 12:42 am

Aladin

6 Re: T-5 extend to T15 ? Fri May 13, 2011 3:36 am

Antonym

7 Re: T-5 extend to T15 ? Fri May 13, 2011 3:58 am

chamith

8 Re: T-5 extend to T15 ? Fri May 13, 2011 7:12 am

tkc

9 Re: T-5 extend to T15 ? Fri May 13, 2011 7:24 am

milanka

10 Re: T-5 extend to T15 ? Fri May 13, 2011 7:58 am

Soundchips

11 Re: T-5 extend to T15 ? Fri May 13, 2011 9:27 am

CSE Today

12 Re: T-5 extend to T15 ? Fri May 13, 2011 11:14 am

wiki

13 Re: T-5 extend to T15 ? Fri May 13, 2011 5:41 pm

Hiru

14 Re: T-5 extend to T15 ? Fri May 13, 2011 7:53 pm

pushpakumara

15 Re: T-5 extend to T15 ? Fri May 13, 2011 10:06 pm

Aamiable

16 Re: T-5 extend to T15 ? Sat May 14, 2011 7:50 pm

mark

17 Re: T-5 extend to T15 ? Sat May 14, 2011 8:07 pm

Gaja

18 Re: T-5 extend to T15 ? Sat May 14, 2011 8:30 pm

Aamiable

19 Re: T-5 extend to T15 ? Sun May 15, 2011 7:42 am

ansar

20 Re: T-5 extend to T15 ?

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