(CFD) Sembcorp Industries Distribution In Specie September 8, 2020
Sembcorp Industries (SCI) will be distributing shares of Sembcorp Marine (SCM) on the basis of 4.911 SCM shares for every SCI share and fractional entitlements will be disregarded. The ex-date of the distribution is 9th Sep 2020.
We will be catering to the distribution in specie for both LONG and SHORT positions. For LONG clients who are intending to hold their positions past the ex-date and be entitled to the SCM CFDs, we would like to highlight the increased risk of a margin call between the ex-date and pay date when the long CFD position on SCM will be credited. Clients will still be subjected to standard margin call procedures.For SHORT clients who are intending to hold their positions past the ex-date, you will be credited with the short CFD position on SCM on 8th Sep after the close of the Singapore market. Clients who do not want to be subjected to the above will need to liquidate your positions before ex-date. Updated 8th September 2020, 2:20 pm