Q&A, General question on stock market
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  Nov 30 2008, 05:06 PM
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#1
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Junior Member
20 posts Joined: Nov 2008 
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i've just downloaded a trading acc form online...and i see a field called collateral offered...and i wonder what is it?
does anyone know about it? and i'm interested to have a direct trading acc instead of nominee acc.. |
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Dec 3 2008, 11:45 PM
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#2
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Junior Member
20 posts Joined: Nov 2008
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QUOTE(lklatmy @ Nov 30 2008, 10:43 PM) For online trading accounts,this is the norm,but there are exceptions: trading limit? is set by us ? or according to the regulation given?1.you need to deposit cash into trust account to get trading limits,or 2.you must transfer some of your existing shares into the nominee cds account as collaterals , 3.online trading accounts opened directly with Participating organisations(PO) usually are not serviced by Remisiers,as the Po does not have to share the commission with the Remisiers,they can afford to slash the comm rate but you will not get personalised service as compare to trading through a Remisier.As the PO does not know your credit standing,they will not extend you any credit terms so you are required to place cash upfront or shares in nominee cds as collaterals. So,you choose the kind of service that meet your need most.  the minimum for the deposit is RM 1000. Is it correct? And once we have a trading acc and cds acc, and lets say i bought some shares with the cash inside my acc...will the amount of money inside the trading acc updated just like our saving acc?? i'm newbie to this... |
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