on 08-03-2019 10:16 AM
I have just opened a new workspace with a contract which has a long settlement date, however PEXA informs me that I cannot have a settlement date more than six months in the future! Of course I CAN have a settlement date more than six months in the future, that is dependent on the Contract and PEXA has no jurisdiction over what the parties agree to.
Does PEXA mean that they will not accept a settlement date more than six months ahead and if so what is the reasoning behind this.
I assume that when stating CANNOT
on 16-04-2019 03:47 PM
Perhaps it should read PEXA cannot accommodate a settlement date more than 6 months in the future?
on 16-04-2019 06:41 PM
Perhaps they expect the workspace will only be created 6 months prior to settlement or later.
I do agree that there does not seem to be a good reason why it shouldn’t be possible, we often have settlements occurring 1 year + in the future...