Frequently Asked Question
02. Why does Upmove email a weekly statement?
Last Updated 8 months ago
According to the exchange circular (ZIP), stockbrokers are required to send a weekly ledger statement and register of securities to their clients. The statement includes details of fund transactions and holdings.
The pending obligations in the statement represent trades that have not yet been settled, such as shares purchased on Friday. If Friday happens to be a trading holiday, the shares bought on the preceding trading day will be listed under pending obligations.