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the settlement will take 3 - 10 working days, depends on the merchant bank. For my experience, CIMB is the fastest, 3 days to your bank account. Kenanga very slow moving take 8-10 days, some more send the cheque to your, FAINTED. others banker not sure.
Oh ya, friendly remind, for the CW, the expire days is consider the 5th day. the merchant bank will the last 5 day VWAP in average to do the final settlement and NOT the closing price.