Malaysia CDS Account
A Malaysian Stock CDS Account (Central Depository System Account, Central Depository System Account) is an account used to hold and manage stocks in stock trading. This account is managed by Bursa Malaysia Depository Sdn Bhd (Bursa Malaysia), a subsidiary of Bursa Malaysia (Bursa Malaysia).
1. What is a CDS account?
A CDS account is an electronic account used to record shares held by investors on Bursa Malaysia. It's similar to a bank account, but records stocks rather than cash. Through a CDS account, investors can securely hold, transfer and trade shares listed in Malaysia without having to hold an actual paper stock certificate.
2. CDS account features
• Shares held: The CDS account records all shares listed on the Bursa Malaysia Stock Exchange held by investors. These shares are stored electronically, and physical stock certificates are no longer required.
• Stock trading: When investors trade stocks through securities companies (brokerage firms), stock transfer and settlement are completed through CDS accounts. Shares are transferred from the seller's CDS account to the buyer's CDS account.
• Receive dividends and other benefits: Investors who hold shares can receive dividends, dividends, stock splits, etc. from the company through a CDS account.
• Participation in shareholders' meetings: Through CDS accounts, investors can exercise their rights as shareholders of the company, such as attending and voting at shareholders' meetings.
3. How do I open a CDS account?
To trade stocks on Bursa Malaysia, investors must first open a CDS account with an accredited securities company or bank. Here are the basic steps to open an account:
• Choosing a broker: First, choose a securities company or bank approved by Bursa Malaysia.
• Complete the application form: Go to a securities company or bank to fill out an application form to open a CDS account and provide the required identification documents (such as an ID card or passport).
• Payment fees: There is usually a small account opening fee.
• Activate account: Once the application is approved, the account will be activated and investors can begin trading stocks through the account.
4. Types of CDS accounts
There are two main types of CDS accounts in Malaysia:
• Personal account: An individual investor opens to hold and manage shares invested by an individual.
• Institutional account: A company or other legal entity opens to hold and manage shares invested by an institution.
5. CDS account security
CDS accounts are managed by a subsidiary of Bursa Malaysia and are regulated by relevant Malaysian laws and regulations. It provides secure and transparent stock holding and trading records, reducing the risks of holding shares, such as issues such as loss or counterfeiting of stock certificates.
6. Costs and administration
Generally, CDS accounts are less expensive to manage, and investors are required to pay certain account opening fees and annual fees. Additionally, when trading stocks, investors are also required to pay transaction fees and stamp duty.
7. Relationship with trading accounts
Note that CDS accounts are usually used in conjunction with a securities company's trading account (Trading Account). CDS accounts record stock holdings, while trading accounts are used for actual trading operations. Investors issue trading instructions through the trading account. After completing the transaction, the stock is automatically recorded in the corresponding CDS account.
8. Other features
CDS accounts also provide other services, such as transferring shares from one account to another, or processing stock inheritance when an investor dies.
Disclaimers
I am not a financial advisor, and the above information is for informational purposes only and should not be considered financial advice. When opening a CDS account or investing in stocks, it is recommended to consult a professional or contact a securities company directly for details.
1. What is a CDS account?
A CDS account is an electronic account used to record shares held by investors on Bursa Malaysia. It's similar to a bank account, but records stocks rather than cash. Through a CDS account, investors can securely hold, transfer and trade shares listed in Malaysia without having to hold an actual paper stock certificate.
2. CDS account features
• Shares held: The CDS account records all shares listed on the Bursa Malaysia Stock Exchange held by investors. These shares are stored electronically, and physical stock certificates are no longer required.
• Stock trading: When investors trade stocks through securities companies (brokerage firms), stock transfer and settlement are completed through CDS accounts. Shares are transferred from the seller's CDS account to the buyer's CDS account.
• Receive dividends and other benefits: Investors who hold shares can receive dividends, dividends, stock splits, etc. from the company through a CDS account.
• Participation in shareholders' meetings: Through CDS accounts, investors can exercise their rights as shareholders of the company, such as attending and voting at shareholders' meetings.
3. How do I open a CDS account?
To trade stocks on Bursa Malaysia, investors must first open a CDS account with an accredited securities company or bank. Here are the basic steps to open an account:
• Choosing a broker: First, choose a securities company or bank approved by Bursa Malaysia.
• Complete the application form: Go to a securities company or bank to fill out an application form to open a CDS account and provide the required identification documents (such as an ID card or passport).
• Payment fees: There is usually a small account opening fee.
• Activate account: Once the application is approved, the account will be activated and investors can begin trading stocks through the account.
4. Types of CDS accounts
There are two main types of CDS accounts in Malaysia:
• Personal account: An individual investor opens to hold and manage shares invested by an individual.
• Institutional account: A company or other legal entity opens to hold and manage shares invested by an institution.
5. CDS account security
CDS accounts are managed by a subsidiary of Bursa Malaysia and are regulated by relevant Malaysian laws and regulations. It provides secure and transparent stock holding and trading records, reducing the risks of holding shares, such as issues such as loss or counterfeiting of stock certificates.
6. Costs and administration
Generally, CDS accounts are less expensive to manage, and investors are required to pay certain account opening fees and annual fees. Additionally, when trading stocks, investors are also required to pay transaction fees and stamp duty.
7. Relationship with trading accounts
Note that CDS accounts are usually used in conjunction with a securities company's trading account (Trading Account). CDS accounts record stock holdings, while trading accounts are used for actual trading operations. Investors issue trading instructions through the trading account. After completing the transaction, the stock is automatically recorded in the corresponding CDS account.
8. Other features
CDS accounts also provide other services, such as transferring shares from one account to another, or processing stock inheritance when an investor dies.
Disclaimers
I am not a financial advisor, and the above information is for informational purposes only and should not be considered financial advice. When opening a CDS account or investing in stocks, it is recommended to consult a professional or contact a securities company directly for details.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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