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.

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


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» පෙබරවාරි මාසේ කොළඹ කොටස් වලට මොකක්ද වුනේ - බැසුවාද ? බැස්සාද ?
by kalu351 Today at 1:10 am

» UNHCR එකේ ලොකූ ටෝක දැම්මට සමහර ඔස්තාර් ලා කියන ආර්තික සම්භාදක අරවා මේවා මුකුත් එන්නේ නැ
by Vishwanarth Yesterday at 10:00 pm

» If you are one of those people who can sleep at night while someone else is in control of your destiny, then my advice would be to only invest in stocks
by Asoka Samarakone Yesterday at 9:58 pm

» DFCC will be receiving Rs.594,538,285.50
by SANJAYANM Yesterday at 9:56 pm

» NATIONS TRUST BANK PLC (NTB.N0000)
by chathura123 Yesterday at 8:52 pm

» Price prediction on GRAN and TAFL
by Bakkabwoi Yesterday at 6:22 pm

» GLAS will be winner with Super Gain.
by Nandun Yesterday at 5:20 pm

» SEMB SEMB
by stockchaser Yesterday at 2:57 pm

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by Vishwanarth Yesterday at 2:54 pm

» Bullish sentiment returns with market regulator's assurance
by Vishwanarth Yesterday at 2:52 pm

» BROWNS INVESTMENTS PLC (BIL.N0000)
by Vishwanarth Yesterday at 1:49 pm

» SOFTLOGIC HOLDINGS PLC (SHL.N0000)
by suku502 Yesterday at 1:32 pm

» DIPD/HAYC/HAYL
by Wickyz Yesterday at 1:19 pm

» Chart 25.02.2021
by stockback Yesterday at 12:41 pm

» is it a good time to sell expo shares
by Kipling Yesterday at 8:39 am

» Current 2021 Februray Unit Trust/Unit Fund Per Annum percentages
by agentnrox Yesterday at 8:13 am

» Leading brokers causing market downturn
by Mithooshan Yesterday at 7:40 am

» Must watch this video - unnecessary panic
by Jana Yesterday at 1:03 am

» LOLC HOLDINGS PLC (LOLC.N0000)
by learningthemarket Yesterday at 12:03 am

» Daily Foreign Transactions
by Mr. X Wed Feb 24, 2021 11:28 pm

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » FORCE SELLING STARTS ON?

FORCE SELLING STARTS ON?

Go down  Message [Page 1 of 1]

1FORCE SELLING STARTS ON? Empty FORCE SELLING STARTS ON? Sat Oct 01, 2011 7:22 am

laxman917576


Senior Equity Analytic
Senior Equity Analytic
STARTS ON T+4 OR T+6 PLEASE COMMENT

2FORCE SELLING STARTS ON? Empty Re: FORCE SELLING STARTS ON? Sat Oct 01, 2011 8:07 am

Soundchips


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I thought it is over..

3FORCE SELLING STARTS ON? Empty Re: FORCE SELLING STARTS ON? Sat Oct 01, 2011 10:16 am

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics
Dear friend,

T+ 3 or T+ 5 is the settlement circle. Once you by shares you have to settle it (make payment) to your Broker within 5 days(T+ 5) Otherwise Brokers have rights to Force sell your shares coz you have failed to pay. brokers will have to settle it to the seller. If you do not pay within 5 days seller will not get money timely.When you are the seller you are concern on your money and you want money as per settlement circle. But if you have entered in to a credit agreement with your Broker or with any other Financer they will settle the amount on your behalf and you are liable to pay an interest cost.

In simple either you have to pay T+ 5 or you have to enter in to acredit agreement with broker or a Financer to settle your liability on your behalf, Otherwise no option Broker is forced to sell shares bought for you and settle the amount payable to the seller

4FORCE SELLING STARTS ON? Empty Re: FORCE SELLING STARTS ON? Sat Oct 01, 2011 10:30 am

manula


Vice President - Equity Analytics
Vice President - Equity Analytics
@Rajaraam wrote:Dear friend,

T+ 3 or T+ 5 is the settlement circle. Once you by shares you have to settle it (make payment) to your Broker within 5 days(T+ 5) Otherwise Brokers have rights to Force sell your shares coz you have failed to pay. brokers will have to settle it to the seller. If you do not pay within 5 days seller will not get money timely.When you are the seller you are concern on your money and you want money as per settlement circle. But if you have entered in to a credit agreement with your Broker or with any other Financer they will settle the amount on your behalf and you are liable to pay an interest cost.

In simple either you have to pay T+ 5 or you have to enter in to acredit agreement with broker or a Financer to settle your liability on your behalf, Otherwise no option Broker is forced to sell shares bought for you and settle the amount payable to the seller

nice... good simple explanation.... "When you are the seller you are concern on your money and you want money as per settlement circle". - This tells all..

+ rep for me

5FORCE SELLING STARTS ON? Empty Re: FORCE SELLING STARTS ON? Sat Oct 01, 2011 11:13 am

ShareShares


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
in December all over. no more creit problem after that.?

6FORCE SELLING STARTS ON? Empty Re: FORCE SELLING STARTS ON? Sat Oct 01, 2011 11:37 am

bakapandithaya

bakapandithaya
Vice President - Equity Analytics
Vice President - Equity Analytics
@ShareShares wrote:in December all over. no more creit problem after that.?

I think so

7FORCE SELLING STARTS ON? Empty Re: FORCE SELLING STARTS ON? Sat Oct 01, 2011 12:09 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@ShareShares wrote:in December all over. no more creit problem after that.?

But I guess T+5 selling will remain for Brokers with no liquid asserts ( who cannot extend credit to clients) . But then again it depends on SEC policies . Will SEC change rules again.?

In anycase it might be in best long term interest of CSE that this 2010 Credit clearance will be done once and for all by December 2011. It is a nagging thorn which should be removed once and for all for permanent relief than passed on many times ( as we saw that it kept dragging the market down in March, then May, then September etc) as a platering process which hinders natural market direction.


8FORCE SELLING STARTS ON? Empty Re: FORCE SELLING STARTS ON? Sat Oct 01, 2011 3:02 pm

banarahu

banarahu
Manager - Equity Analytics
Manager - Equity Analytics
@Rajaraam wrote:Dear friend,

T+ 3 or T+ 5 is the settlement circle. Once you by shares you have to settle it (make payment) to your Broker within 5 days(T+ 5) Otherwise Brokers have rights to Force sell your shares coz you have failed to pay. brokers will have to settle it to the seller. If you do not pay within 5 days seller will not get money timely.When you are the seller you are concern on your money and you want money as per settlement circle. But if you have entered in to a credit agreement with your Broker or with any other Financer they will settle the amount on your behalf and you are liable to pay an interest cost.

In simple either you have to pay T+ 5 or you have to enter in to acredit agreement with broker or a Financer to settle your liability on your behalf, Otherwise no option Broker is forced to sell shares bought for you and settle the amount payable to the seller

I want to something to this, All blame on Ashapillip here because of their rules. Here another thing you have to escape. Now they give only T+3 not T+5. They give T+5 to their closed customers only. So beware, If you waiting for T+5 they will sell at T+3 or sometimes before that... Evil or Very Mad

9FORCE SELLING STARTS ON? Empty Re: FORCE SELLING STARTS ON? Sat Oct 01, 2011 3:20 pm

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics
slstock wrote..

"But I guess T+5 selling will remain for Brokers with no liquid asserts ( who cannot extend credit to clients) . But then again it depends on SEC policies . Will SEC change rules again.? "

Normaly Brokers (who do not have liquidity as per guidlines set by SEC in order to extend credit) inform their clients that they will have to settle dues within 5 days. It is a normal rule. Therefore clients of such brokers know that they will have to settle within 5 days as they do not enjoy credit facility. In case someone failed to pay his dues on time, broker has rights to sell shares bought for him and settle sellers obligations.However, this can happen rarely as brokers are reluctant to buy shares on the orders placed by such investors who do not comply with settlement rules.

Therfore I donot think T+5 is a problem.

10FORCE SELLING STARTS ON? Empty Re: FORCE SELLING STARTS ON? Sat Oct 01, 2011 3:56 pm

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@banarahu wrote:
@Rajaraam wrote:Dear friend,

T+ 3 or T+ 5 is the settlement circle. Once you by shares you have to settle it (make payment) to your Broker within 5 days(T+ 5) Otherwise Brokers have rights to Force sell your shares coz you have failed to pay. brokers will have to settle it to the seller. If you do not pay within 5 days seller will not get money timely.When you are the seller you are concern on your money and you want money as per settlement circle. ... .... ....

I want to something to this, All blame on Ashapillip here because of their rules. Here another thing you have to escape. Now they give only T+3 not T+5. They give T+5 to their closed customers only. So beware, If you waiting for T+5 they will sell at T+3 or sometimes before that... Evil or Very Mad

What right we have to blame anybody ?

Now all know the rules. Anyone who comes to the game should know the rules.

Can you buy a "pann gediya" without paying money ?
Actually they offer us the facility of paying within 3 (or 5) days. It is not our right.

'You can not pay' means you have bought knowing you have no money to pay. It is unfair to the people who play by the rules and pay cash for what they bought.

Mr. A buys 1000 shares by paying money. B do the same thing with no money. After few days both get same profit.

It is good they adhere to the T+3 rule for the people who has bad records or till they judge the people.
In this business you have to maintain your reputation and develop trust. Then they will give even T+100 .
Note: This is my 24th year with MSB

11FORCE SELLING STARTS ON? Empty Re: FORCE SELLING STARTS ON? Sat Oct 01, 2011 4:45 pm

banarahu

banarahu
Manager - Equity Analytics
Manager - Equity Analytics
@Chinwi wrote:
@banarahu wrote:
@Rajaraam wrote:Dear friend,

T+ 3 or T+ 5 is the settlement circle. Once you by shares you have to settle it (make payment) to your Broker within 5 days(T+ 5) Otherwise Brokers have rights to Force sell your shares coz you have failed to pay. brokers will have to settle it to the seller. If you do not pay within 5 days seller will not get money timely.When you are the seller you are concern on your money and you want money as per settlement circle. ... .... ....

I want to something to this, All blame on Ashapillip here because of their rules. Here another thing you have to escape. Now they give only T+3 not T+5. They give T+5 to their closed customers only. So beware, If you waiting for T+5 they will sell at T+3 or sometimes before that... Evil or Very Mad

What right we have to blame anybody ?

Now all know the rules. Anyone who comes to the game should know the rules.

Can you buy a "pann gediya" without paying money ?
Actually they offer us the facility of paying within 3 (or 5) days. It is not our right.

'You can not pay' means you have bought knowing you have no money to pay. It is unfair to the people who play by the rules and pay cash for what they bought.

Mr. A buys 1000 shares by paying money. B do the same thing with no money. After few days both get same profit.

It is good they adhere to the T+3 rule for the people who has bad records or till they judge the people.
In this business you have to maintain your reputation and develop trust. Then they will give even T+100 .
Note: This is my 24th year with MSB


No one challenge about your experience. But if you say like this, diffidently you have more experience as an investor but not as a trader...
If they doing their duty correct, then we can trust them. Problem is there. because they surviving by our money. And the other thing people always searching for the best service. If someone treats badly and If this seller don't give you the best facility they will go for another... Very Happy

12FORCE SELLING STARTS ON? Empty Re: FORCE SELLING STARTS ON? Sun Oct 02, 2011 8:52 pm

laxman917576


Senior Equity Analytic
Senior Equity Analytic
THANKS

13FORCE SELLING STARTS ON? Empty Re: FORCE SELLING STARTS ON? Sun Oct 02, 2011 9:43 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@banarahu wrote:
No one challenge about your experience. But if you say like this, diffidently you have more experience as an investor but not as a trader...
If they doing their duty correct, then we can trust them. Problem is there. because they surviving by our money. And the other thing people always searching for the best service. If someone treats badly and If this seller don't give you the best facility they will go for another... Very Happy

Every business requires credit, its not an entitlement but its given in good faith.. A stock market cannot survive without credit deals since nobody comes and buys day's trading shares..

But we also have to keep the disciplines, we should not break those.. If everyone keeps paying on T+3, we would not be going into this credit issue at first place.. Why we're seeing the red days is an example of stupid practices by brokers..

Its a prime responsibility of the broker to follow rules and market is a bloodbath today due to some brokers go against the rules.. Here I'm not saying Asha is strictly following credit rules, they may give T+5 for their big customers.. Anything above T+5 is not healthy..
Asha may not be the best broker, but I like it when a broker is following rules..

But that's not the point... The credit should not be granted extending the stipulated time period.. U want credit, u have margin providers... Very Happy

14FORCE SELLING STARTS ON? Empty Re: FORCE SELLING STARTS ON? Sun Oct 02, 2011 10:19 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
Well not only for this post and some other post also what i notice is if we got loss in a particular transction then we will blame everybody, and if the transaction is ended up in profit then it was due to self intelligent.

We never going to learn from our mistakes

15FORCE SELLING STARTS ON? Empty Re: FORCE SELLING STARTS ON? Mon Oct 03, 2011 8:43 am

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Gaja wrote:Well not only for this post and some other post also what i notice is if we got loss in a particular transction then we will blame everybody, and if the transaction is ended up in profit then it was due to self intelligent.

We never going to learn from our mistakes

I have learned many things from my mistakes. Very Happy Follow this method guys!
Thank you GAJA for reminding this common mistake. I love you

Sponsored content


Back to top  Message [Page 1 of 1]

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