Hi guys, may i know how can i open a DIRECT CDS Account?

nowadays, banking and securities usually offer Nominees account

can any please guide me??

Through a broker.

copied from bursa website。。
In general, a CDS account can only be opened if the persons are opening it either as a beneficial owner or as an Authorised Nominee.

so i would like to ask。。the account open as beneficial owner means direct account? the account open as Authorised Nominee means nominee account?

these are copied from public investment bank。。
2.1 Am I required to open a CDS account to facilitate Public Invest eTrade trading?

Yes, upon approval of your application, we will open a CDS account under your name as the beneficial owner. You must sign on the CDS Application for Opening of Individual/Corporate Account Form


so these means i can open direct account from public investment bank??

What're the difference between a direct and a nominee CDS account?

contact a remisier and just say u want to open an account. Add rm10 in

Hi, another newbie question again...

I thought each person can hv only 1 CDS account under his/her name??
and i thought if we open cds account thought a broker, like osk, ecm libra, aa anthony, aseambanker, public invest bank, then it will be a direct cds account?
but y we are allowed to open cds account with different brokers since this will make us hv more than 1 CDS account under our name??

the correct is we can only have 1 CDS account from one securities/investment company.
currently i got OSK,cimb,hle
most probeli i gonna waste it.

This post has been edited by mmusang: Jan 21 2008, 11:16 PM

so ur account are direct? can receive annual report? can buy ipo? can attend annual meeting?? can......

Yes, 1 account under one securities firm or investment bank only.

You can have multiple CDS with different brokers, like 1 at OSK, 1 at Anthony, 1 at HwangDBS. But remember those multiple account are not cross linked one even all are yours. Just like you have ABC shares at OSK CDS, you can't sell through HwangDBS, it will be deemed as short selling at HwangDBS side.

Those open with stock brokers one are not nominee. Those nominee one generally open through ordinary banks one.

This post has been edited by cherroy: Jan 22 2008, 02:30 PM

hi...this is my 1st online trading...and i hv some questions...

if I hv enough $$ in my TRUST account to cover the payment for my shares that i hv just bought....

is it consider i hv paid for the shares?

will it automatically settle the contract/shares?

do i still need to transfer $$ to the trust account to pay for the shares?

or, how do i pay for the shares?

thanks in advance...

This post has been edited by deity01: Mar 12 2008, 12:00 AM

i am still studying
how do i invest in share market ?
still gt little $$ thou ^^
any idea ?

if u are over 18 or 21 years old...then u can find a bank/securities that accept ur age to open a nominees/direct cds account...then u can start trading...

understand investment terms...like lots...force sell....

try..www.investopedia.com..

do remind that...trade at ur own risk....

and pls study/understand the company b4 u want to buy its share...

This post has been edited by deity01: Mar 12 2008, 12:01 AM

just like open bank account ?
huhuhu...
will it be like real time value ?
i mean update instant o wat ?

just like open bank account...need to pay rm10 for cds account...
yes...real time for online share trading...

Currently i have both Direct and Nominee account open at CIMB.
What is the difference between two? If i wish to buy genting share not, its better to put in Direct or Nominee CDS?
How about the brokees fees , stamping etc? Are they both the same?

When opening CDS account what if we dont have payslip?? what documents instead?? Lastest bank statement can be used??

You don't need payslip, bank statement to open a CDS account.

But broker may need those document to open a trading account, as trading account give credit term.