Dec 16 2008, 09:09 PM
QUOTE(kaiserwulf @ Dec 16 2008, 09:02 PM)
Hey guys,
I was introduced to the Motorola Stock Purchase Programme for Moto employees in Penang. It seems that we get to buy the shares at a 15% discount of normal price.
But my question is this: Stocks are sold in USD and we are paid in RM; what happens to the forex charges to change our money into USD to purchase the stock and when we sell it in USD we have to convert back to ringgit?
We have to pay the conversion rate twice?
Thanks.
Basically, your contribution to the programme will be converted in USD equivalent at the rate specified by the fund house.I was introduced to the Motorola Stock Purchase Programme for Moto employees in Penang. It seems that we get to buy the shares at a 15% discount of normal price.
But my question is this: Stocks are sold in USD and we are paid in RM; what happens to the forex charges to change our money into USD to purchase the stock and when we sell it in USD we have to convert back to ringgit?
We have to pay the conversion rate twice?
Thanks.
Then, the fund house will buy MOT at the discounted price and it'll be turned to equivalent acquired shares.
If you sell it later, your transaction will be still in USD. Upon matching your selling price, the money will be placed in your trust account until you cash out.
Once you cash out, they'll send you a cheque or wire transfer (depends on your preferred method) in USD.
Your local bank will impose financial charges (if applicable) to convert the amount in USD into RM.
Quote
0.0147sec
0.62
6 queries
GZIP Disabled