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...

which online broker do you use?
you can just set off from the trust account
go look under the payment

have enough money not to worry lah bro..
it will get settled after T+3.

Check with respectively online trading investment house. Some may differ for each other, as KLSE rule only stated payment must be made in T+3, others than that, how payment being made, mechanism etc is determined by individual investment house. There is no strict rule in it as long as obey the T+3.

So better check with the online site that you are using or some other users whom using similar site that you are using.

Generally if trust account will be used to settle your purchase, after all, it is the main purpose to have a trust account. But still better check with your respectively investment house.

thank you so much guys...

i just felt strange..cos according to the faq from the broker's website..
to pay for the share...either go to the broker's cashier counter to pay for it or bank in to the broker's bank account to pay for it..

i used the bank in method...n then my trust account shows the figure that i banked in but my shares are still is under "unpaid" status.

so i am just wondering am i missing something?? cos i do not want my shares to be force sell....:-P

so the conclusion are
1. Check with respective broker...:-P
2. It will auto settle after t+3 if ur trust account hv enough money...

correct?

I think if u r hlebroking user, when u purchase shares u need to click payment in the website and choose setoff from trust acc to pay. Btw wat is the last date to key in the payment? Lets say T+3, tat means i can stil key in the payment last hour b4 12pm in the 3rd day?

As long as you have money in your trust account, it acts as a collateral for your shares. When T+3 comes, your broker will most likely call you and ask if you want to pick up your shares meaning paying for it. If you don't want to pick it up, they will ask you if you want to sell it at what price and they will queue it for you.

If they can't contact you they'll use the money in your trust account to pay for the shares.

On a sidenote, I really believe and encourage newbies in stock market to go for dealer/remisier services by calling them and talking to them instead of using the online system. Your broker is the best person to tell you and advise you what to do. Until you know all the tips and tricks of the stock market and when you are confident of your decisions, then go for online broking.

Seriously paying extra for these kind of service really keeps your mind at ease. You can even tell your dealer to monitor certain stocks for you, and they will call you whenever it reaches near your range. I don't even trade often and my dealer will call me often enough to update me whats going on in the market, how my shares are doing, how my target shares are doing and throw in some tips and rumours as well.

Your remisier/dealer can be your teacher as well as a servant.

juz a question, how do get the dividends if we purchased a share?
it automatically credit in the account or they will post it to u through broker?

If it is a direct CDS account, not trust account, they will post to you based on your CDS address.

For trust account, they will post it to your trust investment house and pay to your investment house then afterwards investment house will pay you either through account or cheque depends on investment house policy.

they will sent the cheque to the mailing address of the cds acct

CDS and trust acc not same 1 ar?
got wat difference ar?

You can have many trust account but 1 CDS account.

Normally if you are not a nominee account, the CDS address will be your home address or whatever you put in the application form. So the dividends will be sent by the company to that address based on the information in the CDS.

If you are a nominee account, the bank will get the dividends first, then they will sent another check to you. As far as I know.