GFIM Dealing Member shall comply with the Clearing and Settlement Rules of the CSD as prescribed from time to time.
- All trades in securities listed on the GFIM shall settle on a T+2 cycle or as may be
determined by the GFIM from time to time.
- A GFIM Dealing Member dealer may be permitted to settle a transaction on the basis of
T+0 or T+1.
Funds or cash shall be settled at the Bank of Ghana.
Securities settlement for transactions done on the GFIM shall be done using the depository
system of the Central Securities Depository Ltd.
DELIVERY VERSUS PAYMENT
- Settlement of transactions done on the GFIM shall be based on the principle of delivery
- At the same time that cash settlement takes place, the settlement of securities shall also