Thanks

Not much, RM1k each

Manage to topup Rm5k for my ASW2020 just now at MBB

But unable to open any new account, the teller advise me go to PNB shah alam to try.

unable to open which? and why?

Congrats.

So many doomsayers asking to take monies out form ASM, ASW and also EPF saying the country going bankrupt BUT I am of those more positive ones going for the long haul. I am VERY HAPPY with what i got so far.

take a look at Post #3321 above..

got list places to try

Maybe his location is not within the specified area like me..

for u yes, because you're in Sarawak..

but I think his location is around SA, Klang, KJ or PJ Area because the teller mention "go to PNB Shah Alam to try"

This post has been edited by nexona88: Sep 4 2015, 04:06 PM

Oh yes, haha... i miss out that info..

Successfully to purchase ASW 2020 in maybank cheng....thanks Alexander info

I'm only 1 year old when that happened. Hahaha. Previously, I think everybody was given the chance to move to ASB, if I'm not mistaken.

I see.

TQ

AS 1Malaysia Suspension of transactions: 24 to 30 September 2015
http://www.asnb.com.my/v3_/pdf/media/berit...S1M_2015_EN.pdf

Sorry I have to raise this.

The 1 week break is for the dividend calculations and updating all the accounts, right?

Assume they have 100,000 unit holders, calculations will involve steps like these:
* calculate the dividend for month X using the minimum balance in that month
* repeat for the other 11 months
* sum up the monthly dividends
* add the yearly dividends to the balance

Number of steps = 12+1+1= 14

Round it off to 20 steps per account.

Then total = 20 * 100,000 = 2 million steps.

Using the old 1954 IBM 650 computer at 0.06 kIPS (0.06 kilo instructions per second), it will take it 2,000,000/60=33,333 seconds = 555.5 mins = 8.3 hours to complete the calculations and updating.

Even an OLD computer takes only 8 hrs to do the job. Why 7 days?


Using Intel Core i5 (83,000 MIPS), that should only take 2 million/83,000 million = 0.00002 second!


For the IT friends out there, hold your horses, yes, reading data from and writing data to memory are slower than just memory calcs. So, I am not comparing apple with apple. Ha.

Cheerio.

wow seriously where do u get the kIPS & mIPS thingy I didn't know any of those stuff.. noobie here

anyhow I guess they needed the 7days to "balance" & "clean up" the account / investment / portfolio or any others things related to the funds

Mr Gray can help on why ASNB needed 7 days to do dividend calculations & updating all the accounts

Unable to open ASM or AS1M?

No idea. Could be improved a lot more I guess. What about other UTMCs? Is it similar?

Probably since PNB guarantees on the spot redemption for all funds, unlike other UTMCs, it does take time to ensure that PNB has enough liquidity on hand to cover withdrawal when the dividend is announced.

Just a speculation, btw.

. The old IT system could be the reason as well.

This post has been edited by Mr Gray: Sep 4 2015, 11:10 PM

Other UTMCs dun suspend trading

any idea what time does banks/asnb stop accepting transaction?