QUOTE(kei18kun @ Dec 10 2009, 06:38 AM)
thanks for the explanation
another question i see from this site:
http://www.tuneprofit.com/stock-basic/diff...ominee-account/CLIENTS COLLATERAL TRADING – NOMINEE nominee account
1) CDS (stock) is held under company’s name
2) Not entitle to apply for IPO
3) Entitle for dividend but not any voucher issue by company4) No Annual Report received
annual report im not concern since i can check it online and i'll be saving trees but the main thing is not entitle to voucher issue is major concern for me
does it mean im losing out in something? im concern becos im using maybank2u and i think its a nominee ac. pls clarify. tqtq

To be honest, I don't see a reason why anyone would want to open a nominee account. It has restrictions and less 'perks' compared to a full account. So my opinion to anyone asking is always to open a full account compared to a nominee account. And you still pay full charges when transacting in nominee account.
Annual report nowadays all by CD/DVD already. Only upon request do you get the paperback copy.
Voucher sometimes is part of the perks holding on to certain shares like Genting for example. They give out hotel vouchers with their Annual report I think. So you're really missing on something if you dont' get it.
Being unable to apply for IPO is another BIG letdown. I remember reading a few people in the Maxis IPO thread that their application was rejected because they didn't realise Nominee account can't apply for IPO. So definitely you'll lose out a lot here.
This post has been edited by skiddtrader: Dec 10 2009, 10:44 AM