The settlement process is done with Delivery versus payment method by custodian bank and the brokerage house. The proposed settlement period after the proposed exchange demutualization will take less time for settlement than now.

The current method of settlement is:

A, B, G, N Category

T+2 Days

A, B, Z, N Category

T+9 Days

A, B, G, N Spot Market

T+0 Days

The proposed method of settlement for foreign investor under demutualization is:

A, B, G, N Category

T+1 Days

A, B, Z, N Category

T+1 Days

A, B, G, N Spot Market

T+0 Days