QUOTE(skiddtrader @ Apr 18 2008, 03:30 PM)
If you are successful in your IPO application, you should be able to sell it online as well as long as it is credited to your CDS account.
Please do remember you can only have ONE 'CDS' account, which holds your shares regardless whether you bought it from OSK, CIMB, Maybank or HLEBroking. All those are trading houses and all will credit and debit shares based on your order and CDS account number.
One only can have one CDS per investment house or broker house. But one can have mutiple CDS account with different broker house.Please do remember you can only have ONE 'CDS' account, which holds your shares regardless whether you bought it from OSK, CIMB, Maybank or HLEBroking. All those are trading houses and all will credit and debit shares based on your order and CDS account number.
For non-nominee account,
If one bought xx share in OSK, then it wil be credited into your CDS that open in OSK.
But if one bought yy share in CIMB, then it will be credited into your CDS that open with CIMB.
Those CDS accounts are not cross-linked and remain as individual one. Aka even you have xx share in OSK CDS account, you can't sell through CIMB even though you have the share. Unless one transfer it to the OSK CDS, otherwise one needs to sell through CIMB.
But one can have 2 trading account with OSK, but only 1 CDS account can be opened with OSK, you can't have 2 CDS account with the same investment house and it will be shared among the 2 trading account.
Hope this clear up a bit.
Apr 18 2008, 03:49 PM
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