I think it is possible, but depending on your loan type
For those flexi loan, where we are free to top up / withdraw from your CA anytime
Your money parked at CA should entitle you priority banking status
Kill two birds with one stone

Call HSBC. They said cannot. Sigh...

Mine also flexi loan acc.

This post has been edited by prince_mk98: Oct 1 2018, 08:04 AM

If one's aum qualified for priority banking, need of flexi loan/ca is unnecessary.

Pb is a segregation for bank to milk high net worth customers, unlikely to permit free rider.


This post has been edited by icemanfx: Oct 1 2018, 11:17 AM

Other then fast line any benefit from become maybank privilege ?
Is that any fee to be charge?
I check out hsbc advance was have some fee if you fail to maintain min aum…

I am interested to invest in bonds (not bond fund). I understand these are more commonly available to PB members. Which banks are best for this opportunity? Currently I have normal banking accounts at Maybank, PBB and Ambank. I can easily become PB of any of these. Other banks will require new account opening.

This post has been edited by Mattrock: Oct 7 2018, 06:04 AM

Malaysia PB has limited range of products.

Go Singapore. Better range, risk choice, and services

Care to elaborate? Or where can I read up further?

Your private bank RM can furnish you a list of bonds currently available.

I don’t think it is available in their website or any public domain. The RM will have all the information. You tell him/her your preference and they will pick from their wide range for your consideration

For private bonds, they have not only local companies, but a lot of well known ones in different market and curriencies.

For structured products, the have many variances (eg. Autocall with memory effect step down monthly 1-2% and ranges from 20-50% ki ko in much wider industries selection and different risk return capital guaranteed or otherwise etc)

Also wide range of equity and financing private placement

Trust and insurance services which I have not heard of from my RM in Malaysia

And I must say I am only eligible to part of their offerings. I am sure those products in the hundreds of millions USD my RM don’t even bother to let me know

Which bank(s) is your PB? I am only intereted in local banks, and not abroad, even if not much bond choices. In any case, I probably can't afford to invest in only one or two issues due to the minimum amounts.

There are minimum subscription amount, your RM will advise according to amount available in your account.

Just to re-align, let me repeat my question:

I am interested to invest in bonds (not bond fund) in Malaysia. I understand these are more commonly available to PB members. Which banks are best for this opportunity?

It is like asking which broker best to buy stocks. Not an exact science, just looking for opinions, so I can narrow down my PB list.

Unless one's money is from windfall, most if not all private clients migrated/upgraded from privilege/priority. If one is a privilege/priority customer and aum qualified for private, private rm would hijack over.

If one's aum is qualified for private and private is not available, could call up private of other Banks, RM would be more than happy to chat.

I have 4 local banks. But for investment products, I used none of them.

I recommend Sg banks to you simply because you said you can easily meet the local PB AUM amount. So, if you can, go Sg instead of My.

I think bond is different from share broker.

As far as I know, bond is underwritten by a bank (or syndicated banks). So, a bond from a company may be available for us to buy from only those bank/syndicated banks which underwrites it.

Whereas once you open an account with a stock broker, you can buy all the counters in that market. So, for a broker, they offer same products for you to buy.

On the other hand, for bonds, not all banks offer each and every bonds in issue

That's why I said choices, range, risk return are important consideration for PB. If you go with a bank, during a certain period, they may not have the bond that suits you.

Thanks for the replies.

Take iceman’s advice. Go to different banks next week and ask what each bank can offer for private bonds currently.

Then choose the bond you like and open PB with that bank.

Currently the bond on offer by local banks I know off my head is CIMB RM1b bond A1 rating at around 5+%. Good thing about this bond is it is uncallable

Then there is Ecoworld RM600m bond which offer 6+%.

Collect all the info on bond on sale, then pick the ones you like.

For your case, if you already open a PB with one bank only realise there are not much choices on bond issue, then you are stuck with that bank.

Goldman Sachs, Morgan Stanley and JP Morgan are very active in i.b side of business, have plenty of bond to offer.

This post has been edited by icemanfx: Oct 7 2018, 05:05 PM

I am getting out of touch with malaysian PB. Which banks in malaysia are distributors for these issuers ? What about European IB like UBS and Soc Gen ? Japanese ?

I wasn’t asking about bonds offered here. I was asking about the part where it was suggested to go to Singapore for bonds.

This post has been edited by drbone: Oct 7 2018, 08:45 PM