i m new in may bank share trading account.
i just open a share acc.
wanna ask what is cup, dup ?

if let say i buy "A" share at price 1.25
and using dup(t+3)
but after that i didnt sell it in 4days. and my account not enough money .
so what will happen??

i saw at maybank website is : What happens if I don't pay for my DUP purchases by the settlement date?
On T + 4, we will execute force selling

if let say on +4 price is 1.15???

so how ???
anyobe can explain???

they'll force sell ur share & u'll have to pay the diff price to cover the loss if there's any

it is better to use cash upfront(CUP) to buy the shares since u never know what is gonna happen within T+3. later the share price suddenly drop and u have to pay the difference also.

CUP = cash account
DUP = margin account

all the other brokers, if you have a margin account, it automatically kicks in if your cash balance is not enough.
only maybank has this stupid nice feature where it asks this question each time you queue

This post has been edited by aeronic: Feb 1 2012, 12:49 PM

then they will force sell at 1.15..

They also charge you higher brokerage for execution of force selling.

yeah that too
apparently that rate would be similar to the one done over the phone
not more online trading brokerage charges

Do Maybank 2 u allow sell below 5 cent, withour restiction?

This post has been edited by Irresistible: Feb 7 2012, 06:39 PM