There are some investment banks complain to SC about this, don't know the outcome yet, bare in mind. If it is allowed to have Rm12, soon or later, others might follow suit as well one, and 'online trade' become a 'loop hole to reduce the Rm40 min. Let see how is the outcome.
If Rm12 is allowed, then last year budget announcement of Rm40 min become a 'joke' already.

The RM12 is more appropriate to promote investment among retailers especially small retailers.

One thing doesn't like about this trust account (HLebroking), you need to bank in the money before you can trade, it is quite troublesome sometimes, especially old timers like me, already use to trade whenever we wish.

Ok, thanks for the details.
Btw, is Hleboking a trust account aka mean shares are hold by HLebroking (like Maybank case), not directly in your name? Just curious to know.

Should be, based on your input on the collateral side

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Added on February 27, 2008, 4:49 pmMean that if you have bought 5,000 worth of shares previously (now still worth 5,000 based on market price), they allow you to trade up to 15k before you need to bank in some money.

This post has been edited by cherroy: Feb 27 2008, 04:50 PM

No, those online trading offered by banks one generally are nominee account.

But if you open with investment bank (securities firms) one, they are generally a direct account.

Cheers.

This post has been edited by cherroy: Feb 28 2008, 10:47 AM

Under KLSE rules & regulation is T+3, all must make payment, some can grant 1-2 days extension, but still need to pay mah, don't quite understand your situation.

Personally I would advise people to go for direct acc and choose the broking firm that are convenience for you and provide better service one. Brokerage fee is not differ much in between broking houses, just a little tiny bit only sometimes.

CDS account is attached with respective brokers.

If one open CDS with ABC broker, then all shares traded under ABC broker will keep or withdraw through this ABC CDS. You can't transfer the ABC CDS to another broker house to use. So if one wants to trade using XYZ broker then one has open another CDS with XYZ broker.

The first 3 numbers of your CDS is indicating (xxx-xxx-xxxxxxx) which broker house of the CDS account is attached with. Bare in mind also. shares in CDS account can't be cross linked. So even you have TTT stocks in ABC CDS, you can't sell through XYZ broker, as XYZ broker has no access to ABC CDS, even though both account is under your name.

So if you want open an account with HLebroking, then you have to open a CDS with HLebroking, unless you have open one before with them, then don't need.

This post has been edited by cherroy: Jun 15 2008, 10:16 PM

Because you are not using CIMB to trade, you use CIMB as a platform to apply for IPO only (as a service), so the shares are credited into your OSK CDS account because you use OSK CDS to apply or as you indicated in your application. IPO underwriters or issuer will look at the CDS account number (as in the application form) to credit the share, disregard where the application come from.

No trade also never mind one. No monthly fee one.

No, you still get the dividend, just the dividend cheque is not sending to you directly, they will send to the nominee ie your broker house then your broker will bank in the dividend amount afterwards to your account.

Sorry for the late reply.

Yes, no expired date one.

Yes, probably depended on the efficiency of respective broker house, shouldn't be more than a few day lag.

No, cannot, you must open a new one.

CDS is attached with respective broking house, can't cross linked.