I try to explain.. hope i get it right,, seniors plz correct me if im wrong..

3 fees to take note when u make a transaction..
1)Brokerage - varies.. im using Maybank, so let me use maybank's online rate as example.
0.42% of contract value (for all transactions inclduding intraday) - minimum RM28

2)Stamp Duty - RM1.00 for every 1000 or part, of contract value

3)Clearing Fee - 0.03% of contract value with no minimum

so, your transaction cost should be:

Brokerage + Clearing Fee + Stamp Duty + Contract Value
(20000 * 0.835 * 0.42%) + (20000 * 0.835 * 0.03%) + (Ceiling(20000 * 0.835 / 1000) + (20000 * 0.835)
= 70.14 + 5.01 + 17 + 16700
= 16792.15

thx a lot =) that clears things up a lot!

Hi,

Sometime i notice ppl say DOW future now is -41. Actually where are they go to c this information... ? Can you guys give me the link..? Ths

hi , i m interested to open acct in kenanga usj . Does it necessary to bring some cash to deposit upfront ?? please advices also pm me if have good re miser for me

thank you

Dont you have a fren working as a remisier or having a fren tat can recommend you one? Usually a remisier wont accept stranger. If you want to give cash as deposit upfront, then i would advise you open an online trading account. The brokerage is way lower than those charged by remisiers(0.6% per trade).

go to bloomberg.com

what is the lodgement date for?

I beg to differ If a person don't know any remisier, he just have to visit the stockbroking firm or call their hotline and the customer service officer will find one for the customer. Sure, a few remisers might decline to accept the customer (especially if the new customer is newbie, student etc) ... but there's always other remisers eager to accept new business.

This post has been edited by Malefic: Jun 22 2009, 10:35 PM

those remisiers that are going to accept new business must be those who will ask u to put a deposit certain money with them and giving you 3x trading amount. That's not much difference than opening an online trading account where you can get much lower brokerage fee(eg HLeB 0.38% only). I have never came across any remisier willing to accept a stranger without any conditions in the name of accepting new business. If you're without any recommendation, you are not likely going to get a remisier. If you dun believe me, you can try walk into any stockbroking firm asking any remisier whether they need new clients and letting u play contra as you like..

I am telling you from both perspective. I nearly became a remisier in 1998, and when you're in my position, you will understand the importance of the deposit money put in by a remisier into the stockbroking company.

Hmmm, but this is how I got a remisier from HDBS.

1. Go to their website and fill up a form
2. one of their remisiers contact me for appointment
3. go to their office to fill the forms and sign

Mine is a normal trading account. No deposit needed ... just need to pay up by T+4 noon latest.

Furthermore, she's commission based, not a dealer rep, with 15 years experience.

Of course, they'll first check my name to make sure it's not in the stockbroker's default list.

For commission based remiser, it all depend on the remiser willingness.

But generally what I came across is that those they don't know much (or stranger that you all call it), is that they impose low amount of credit limit to limit their risk aka they don't allow you to trade and have outstanding balance not more than certain amount they wish to allow.

As whatever the client bought and have outstanding balance, even the clients don't pay up or run away, they don't lose the whole amount generally because remiser will force sell the outstanding share purchased and bare the losses from the differentiation between the initial purchase and forced-sell price.

It is as same as doing ordinary business only. Some do give credit, some need cash term.

I think i will need 2 months get used how it works in stock market then only go for online. Mayb I just call up for the investment house to clarify wat they needed. Do they need to see any salary payslip ?? eheheh stupid question..

I'm newbie and planning to open an online trading account.
since I feel bit complex with the procedure of applying through online, can I go to the building directly for an online account?

thank you..

Yes thats normally how it is done. Just go there, meet your broker, tell him what you are interested in and what kind of trader you are. Sign up for an online account. pay 10 bucks and you're in. Don't be afraid to ask question and ask your broker to do work .

thanks skiddtrader...^^

Hm for new online trading account, how do we know if we allow to trade T+3?

If let's say i trade T+3, and i don't sell it on third day, the broker will help me to sell it at whatever price right? Is this what you called "force sell"? From there if there is price difference the broker will then debit/credit my account?

T+3 is the standard outstanding period allowed.

T+3 means you have to settle the outstanding within the period. Generally brokers house will force sell on T+4.
Force sell means they sell on behalf on you which they will throw the share out whenever there is a buyer or meet the buyer price.

where can we find the turnover history for CI? usually only able to found the vol.....

Yesterday, I visited some of the invesment bank to find an appropriate funds for long term invesments. When I read through the propectus or brochures, some of those local funds are invest in our local market shares like Sime Darby, TM, or whatever.

Usually. if there's some acquired/disposes, we can see the person/company who is responsible . But, I never once saw the Public Mutual, CIMB funds or whatever in the list of cessation/acquaried/changes. How to check ya or I miss the info everytime?

Thanks