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Extended Settlement Contract on STI ETF
Tomorrow, SGX will launch an Extended Settlement (ES) contract on the streetTRACKS STI ETF.
Just a recap, extended settlement contract is a new product launched by SGX two months ago. It allows one to take a long or short position on a stock for slightly more than a month without the need to put up the full cash value upfront.
Currently, there are 27 securities that have ES contracts on them, with 25 of them STI component stocks. The other two on the list are Keppel Land and Yanlord. With the addition of the STI ETF ES, there will now be 28 tradable ES.