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Accounting Treatment Directions for the T+2 Delivery Versus Payment (DVP) Settlement System for the Securities Market  CH

Announced Date: 2009.01.07 
Categories: Securities Exchange Market > Clearing and Settlement
2     In compliance with the Accounting Treatment Directions for the T+2 Delivery Versus Payment (DVP) Settlement System for the Securities Market initiated as of February 2, 2009, the accounting for securities firm engaging in brokerage trading (emerging stocks not included) will be adjusted. Entries which are supposed to be made on T+1 date will be moving up to T date, and reserve accounts for receivable price of securities purchased for customers and price payable of securities sold for customers.