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Joined: 20 Jun 02
For those who are interested in the Term used in stock market.
CW=Conditional When Issue,
WI=When Issue, BI=BuyIn Only,
Note : Entitlement is on record date (book close date), the time gap between Ex date and record date is 2 days.
Singapore Settlement cycle is Trade date + 3 days.
For example, if you buy Stock A on/after Ex date, the trade will only settle 3 days later (settle after record date), thus you will not be entitled to whatever corporate action stock A has.
However, if you sell on/after Ex date, you will be still entitled.
If you buy Stock A before Ex date, the trade will settle 3 days later (settle before record date), thus you will be entitled to whatever corporate action stock A has.
However, if you sell before Ex date, you will not be entitled.