How do I pay or receive money for contra gains / losses?
Contra Gains Contra gains cheque / payment will be issued on C+3 market days (that is three (3) market days from the day of sale), after deducting any outstanding debit items except purchases. i. You can request to have any amount due to you be credited to you bank account. No physical cheque will be issued. (Please provide us your Bank Account Number). ii. You can request the cheque to be forwarded to your dealer / remiser. iii. You can collect the cheque personally after 12.30pm. Contra Losses Cash payments for contra losses are to be settled within the grace period, that is three (3) market days from the day of sale. An interest would be charged if payments were made after the grace period.
