QUOTE(sjz @ Dec 3 2009, 11:47 PM)
first time i see ppl ask straightly what will happen if your company busted...haiz...
poor matt..
btw, i am a clients of Jupiter too and i don't think the extraordinary situation you stated would occur, even it occur, nothing would occur to your share held as they are in CDS account, only the cash might face some problem to retrieve it, but this situation should be unlikely to occur.
Yup, I am kiasi so I asked first, but others are just to shy to ask as knowing very well the answer will be what all like to hear.
Anyway, probably will make a trip down next week to open account, then transfer some shares over to get margin to buy then no need to always transfer cash. (very ma fan).
By the way, CDS account will come later or on the spot? If I can get the CDS account immediately, I can go to securities firm and Maybank to do transfer straight away than to make another trip.
Added on December 4, 2009, 5:08 pmBank Negara guarantee all bankings moneys the citizens put in. I suppose Investment bank will fall into this group. What about securities firm, Is it guarantee included CDS account?
Anybody still remember the case of Omega which the investors cannot take out their shares even in CDS account.
Somebody care to elaborate?
This post has been edited by protonw: Dec 4 2009, 05:08 PM