QUOTE(felixmask @ Jul 12 2013, 10:24 AM)
Premier 1 Account is created for those CDS under nominee type.
Nominee type cant apply IPO.
For those CDS Direct account type, dont create Premier 1 account
http://1-million-dollar-blog.com/compariso...es-cds-account/Hmm not sure if i get it right...
I applied an acc with maybank investment branch in ampang.... and after approved..i received an email stating my cds acc..at the same time i saw there is addional acc - premier 1 acc created in my m2u.
So when launching my ie to buy existing stocks ie airasia...i have to transfer money to my P1Acc n the deduction will through this acc instead of my SA.
But when i applied this IPO i saw there is statement asking which acc to deduct my money (thinking not to be troublesome...i choose the SA) further...it asks for cds acc... so frm the email sent to me previously...i used that cds acc n key in here....and transaction went through.
Does this sound correct ? x.x
If it is..so i have to bear in mind...
a) when buying ipo...i will just use the cds acc given to me n deduct from my SA
b) when buying existing stocks via m2u site...i will use that P1 ac ?
Thanks for the explaination