Jan 22 2008, 02:30 PM
QUOTE(deity01 @ Jan 21 2008, 10:27 PM)
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??
Yes, 1 account under one securities firm or investment bank only.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??
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
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