Central Depository System (CDS)
when we want to start buy share, the
1st account we should have is CDS account - Central Depository System.
What is CDS?
the CDS acts as a means of representing ownership and movement of securities. CDS account holders enjoy the conveniences if obtaining electronic securities transfer and trade settlement.
Who may open a CDS account?
An individual who has reached the age of eighteen (18) years as of the application date.
Why do I need to open a CDS account?
You need to open a CDs account to buy and/or sell shares, and to carry out other CDS transactions on all equity and non equity counters (i.e. bonds, loan sticks, warrants, etc.) which have been prescribed into the CDS.
How do I open a CDS account?
You can open a CDS account with any Authorised Depository Agents (ADAs). All stockbroking companies in Malaysia are currently ADAs.
source from Bursa Malaysia - Klse
Two Type Of CDS account
1) Direct CDS account
CDS is held under client's name
annual report, voucher, dividend direct send to you.
2)Nominee CDS account
- CDS is held under company's
such as when open with OSK, its will under OSK Nominees.
-all annual report, voucher will send to your brokerage company, customer have to call for request.
- dividend also will send to the brokerage company, and the company will bank in to your account with charges your services charges
What is CDS?
the CDS acts as a means of representing ownership and movement of securities. CDS account holders enjoy the conveniences if obtaining electronic securities transfer and trade settlement.
Who may open a CDS account?
An individual who has reached the age of eighteen (18) years as of the application date.
Why do I need to open a CDS account?
You need to open a CDs account to buy and/or sell shares, and to carry out other CDS transactions on all equity and non equity counters (i.e. bonds, loan sticks, warrants, etc.) which have been prescribed into the CDS.
How do I open a CDS account?
You can open a CDS account with any Authorised Depository Agents (ADAs). All stockbroking companies in Malaysia are currently ADAs.
source from Bursa Malaysia - Klse
Two Type Of CDS account
1) Direct CDS account
CDS is held under client's name
annual report, voucher, dividend direct send to you.
2)Nominee CDS account
- CDS is held under company's
such as when open with OSK, its will under OSK Nominees.
-all annual report, voucher will send to your brokerage company, customer have to call for request.
- dividend also will send to the brokerage company, and the company will bank in to your account with charges your services charges
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