How To Check Cds Account Malaysia
Direct access to trade in shares listed in the bursa malaysia with either a share trading account or margin trading financing mtf account.
How to check cds account malaysia. Investors can use the central depository system to transfer securities from one cds account to another provided the transfers are within the reasons approved by bursa malaysia depository sdn bhd. Likewise for securities sold these securities will be debited from the cds accounts. The cds account may be opened by an individual who has reached the age of eighteen 18 years as of the application date a corporation within the context of section 4 of the companies act 1965 any corporate body that is incorporated within malaysia and is by notice published in the gazette declared as a public authority or an instrument or agency of the government of malaysia or of any.
The cds account is maintained by bursa malaysia directly and has no links to the brokerages. Check if your cds account is a closed account. Think of it as a safe deposit box for your shares.
Fortunately most brokerage should be able to help you process the opening of a cds account when you open the. Rm10 for opening of cds account. You can do this by approaching an authorized depository agent such as stockbroking company and some banks.
To update this information kindly. Cds account is an electronic account which maintain by bursa depository or formerly known as malaysian central depository. In order to start trading on bursa malaysia our malaysian stock exchange you would first need to have a cds account.
To most first time traders and first time investors the concept of having a cds account might sound foreign. A participating organisation of bursa malaysia securities berhad. This will be done simultaneously when you open the cds account.
Cds account is used to keep track or your shares or stocks movement. A cds account is a depository for you to keep your malaysia stocks after you buy them. Provide photocopies of ic identity card fee rm10.
You will receive the account document by mail. Your chosen stock broker will assist you to open cds account. Central depository system cds investors who wish to trade in securities listed on bursa malaysia must open cds central depository system accounts with authorised depository agents adas i e.
Check your email for the login details to the newly created online account access. Open a central depository system cds account. You cannot register for this service unless your cds account has an email address registered to it.
