FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» SGH buys EXPO from retailers
by Maharaja Today at 10:22 pm

» LOLC FINANCE PLC (LOFC.N0000)
by Surajmp Today at 8:44 pm

» L G I L - Maharaja special
by Chula Today at 8:13 pm

» HAYLEYS PLC (HAYL.N0000)
by cseboss Today at 11:34 am

» NO FURTHER INCREASE IN TAXES-PRES. RANIL WICKRAMASINGHE
by ADVENTUS Yesterday at 3:48 pm

» AAIC 100 = SCAP 16
by Equity Win Yesterday at 2:11 pm

» CARGO BOAT DEVELOPMENT COMPANY PLC (CABO.N0000)
by Dasun Maduwantha Yesterday at 12:10 pm

» Nestle‚ declares highest ever dividend
by Shiranli Yesterday at 11:24 am

» PRIME LANDS RESIDENCIES PLC (PLR.N0000)
by Anushka Perz Yesterday at 11:15 am

» Buy lofc tomorrow - Maharaja
by Maharaja Yesterday at 9:47 am

» MULTI FINANCE PLC (MFL.N0000)
by Eleven Mon Aug 08, 2022 9:28 pm

» AGSTAR PLC (AGST.N0000)
by Thushara Ayya Mon Aug 08, 2022 4:18 pm

» ACL; MELS; HHL; BIL; LWL- STOCKS TO WATCH
by ADVENTUS Mon Aug 08, 2022 1:43 pm

» LIOC ....Get in soon
by samaritan Mon Aug 08, 2022 11:49 am

» Sinopec likely to enter Lankan fuel market
by samaritan Mon Aug 08, 2022 9:41 am

» RW - Rescue Warrior of Sri Lanka's Economy
by reyaz Mon Aug 08, 2022 8:17 am

» Should Central bank increase Interest rates?
by reyaz Mon Aug 08, 2022 7:52 am

» LPRT and CHOT old and profitable businesses, yet severely undervalued
by sheildskye Sun Aug 07, 2022 12:05 pm

» Day Trader may find a stock attractive if it moves a lot during the day. Stock market for beginners and day traders
by Asoka Samarakone Sat Aug 06, 2022 11:54 am

» Foundation laid for Nestlé Lanka’s Rs.5bn factory expansion
by nilantha suranga Sat Aug 06, 2022 1:57 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » 25% credit settlement

25% credit settlement

+6
investor1984
novice
ranjanie
windi5
ABEST
kj
10 posters

Go down  Message [Page 1 of 1]

125% credit settlement Empty 25% credit settlement Wed Sep 14, 2011 12:40 am

kj

kj
Senior Equity Analytic
Senior Equity Analytic

the 25% of credit settlement deadline is September 30th..
yesterday brokers got the letter from their management.
anyone got the news???

225% credit settlement Empty Re: 25% credit settlement Wed Sep 14, 2011 7:21 am

ABEST


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

http://www.cse.lk/270808/pdf/rules_regulations/sec_directives/16_8_2011_SEC_Directive.pdf

talk with your adviser

325% credit settlement Empty Re: 25% credit settlement Wed Sep 14, 2011 8:01 am

windi5

windi5
Moderator
Moderator

kj wrote:the 25% of credit settlement deadline is September 30th..
yesterday brokers got the letter from their management.
anyone got the news???

KJ what does this latter say?

425% credit settlement Empty Re: 25% credit settlement Wed Sep 14, 2011 8:11 am

ranjanie


Manager - Equity Analytics
Manager - Equity Analytics

[quote="windi5"]
kj wrote:the 25% of credit settlement deadline is September 30th..
yesterday brokers got the letter from their management.
anyone got the news???

I also heard samething from my broker

525% credit settlement Empty Re: 25% credit settlement Wed Sep 14, 2011 8:33 am

novice

novice
Stock Analytic
Stock Analytic

Will this have such a big impact?
After all this only refers to credit prior to 1st Jan 2011 and already 50% of that has been settled.

625% credit settlement Empty Re: 25% credit settlement Wed Sep 14, 2011 8:46 am

investor1984

investor1984
Manager - Equity Analytics
Manager - Equity Analytics

kj wrote:the 25% of credit settlement deadline is September 30th..
yesterday brokers got the letter from their management.
anyone got the news???

Aiyo no need to panic men, latest direction allow the brokers to to lend if they have enough liquid assets , so only people who should worry are the brokers with no or low liquid assets, as they might loose customers when their competitors dont force sell ( who has enough liquid assets ) and they do.

725% credit settlement Empty Re: 25% credit settlement Wed Sep 14, 2011 9:30 am

Soundchips


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

what are the firms with limited Liquid assets?

825% credit settlement Empty Re: 25% credit settlement Wed Sep 14, 2011 10:14 am

hunter

hunter
Moderator
Moderator

Perhaps the credit settlement is not that significant. but I fell some 'jerky' movements in shares in my portfolio. Better be prepared for a rough ride ahead during next two weeks or so.

925% credit settlement Empty Re: 25% credit settlement Wed Sep 14, 2011 12:05 pm

nkalansu


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

investor1984 wrote:
kj wrote:the 25% of credit settlement deadline is September 30th..
yesterday brokers got the letter from their management.
anyone got the news???

Aiyo no need to panic men, latest direction allow the brokers to to lend if they have enough liquid assets , so only people who should worry are the brokers with no or low liquid assets, as they might loose customers when their competitors dont force sell ( who has enough liquid assets ) and they do.

My broker told me that there are some brokering firms doing forced selling for those people who haven't settled on time. Please confirm whether this is true....are there any forced selling going on?

1025% credit settlement Empty Re: 25% credit settlement Wed Sep 14, 2011 12:21 pm

kj

kj
Senior Equity Analytic
Senior Equity Analytic

windi5 wrote:
kj wrote:the 25% of credit settlement deadline is September 30th..
yesterday brokers got the letter from their management.
anyone got the news???

KJ what does this latter say?



As per the directive issued under section 13C of securities and exchange commission act no 36 of 1987 as amended, you are require to clear the remaining 50% of the debtors balance carried forward from 31.12.2010 as follows.


* 25% of the above remaining debtors over T+3 days to be cleared by September 30, 2011 and
the balance 25% to be cleared by December 31 st 2011

1125% credit settlement Empty Re: 25% credit settlement Wed Sep 14, 2011 6:02 pm

windi5

windi5
Moderator
Moderator

kj wrote:
windi5 wrote:
kj wrote:the 25% of credit settlement deadline is September 30th..
yesterday brokers got the letter from their management.
anyone got the news???

KJ what does this latter say?



As per the directive issued under section 13C of securities and exchange commission act no 36 of 1987 as amended, you are require to clear the remaining 50% of the debtors balance carried forward from 31.12.2010 as follows.




* 25% of the above remaining debtors over T+3 days to be cleared by September 30, 2011 and
the balance 25% to be cleared by December 31 st 2011

This is not a new measure, we all knew that it gonna happen. I dont know how much of credits still to be cleared, in amount.

1225% credit settlement Empty Re: 25% credit settlement Thu Sep 15, 2011 1:23 pm

Aamiable


Vice President - Equity Analytics
Vice President - Equity Analytics

Something is going on.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum