Settlement : is the completion of transaction wherein securities and corresponding funds are delivered and credited to the appropriate accounts.

- Buying on T+3

- Payment :

• SBC to selling client ( before 12.30pm T+3)

• SCANS to SBC (before 10 am T+3)

• SBC to SCANS (before 10 am T+3)

• Direct Business ( on T+3 )

• Buying clients to SBC (before 12.30pm T+3)

- Selling out by T+4

• Transfer

  (i)T+5 = before 12.30pm T+4

  (ii)T+3 = before 4pm T+2

• Book entry settlement

  (i) T+5 = before 9am T+5

  (ii) T+3 = before 9am T+3

• Buying in

  (i) T+5 , T+3 ( No withdrawal allowed )

• TCP to selling clients

  (i) T+5 = before 12.30pm T+5

  (ii) T+3= before 12.30pm T+3

• Buying client to TCP

  (i) T+5 = before 12.30pm T+5

  (ii) T+3 = before 12.30pm T+3

The facilitator involved in CDS is :

• Authorized Depository Agents (ADAs) - Investment bank

• Authorized Direct Members (ADMs) - Banker, institutional investors, insurance companies , unit trust managers, etc .

CDS Account

individual investors are allowed to open only one CDS account per ADA but he/she can do so with many ADA as she/he likes.

CDS Statement of Account

BMCD issues CDS statement to all its account holders except those accounts that have been designated as dormant account.

Deposit

is a facility to convert the shareholdings held in physical form to script less.

Transfer of Security

The facilities to transfer securities from one CDS account to another CDS account.

Withdrawal

a facility that enables depositors to convert their shareholding held in script less to physical form.

Inter Branch Transfer (IBT)

Objectives : to allowed depositors to perform CDS transaction requests such as deposits, transfer, updating and closure of accounts, account balance enquiries and printing of ad-hoc statements at the ADA branch office.

Trade settlement

securities settlement process is done at the investor level in CDS facilities.

Electronic Share Application (ESA)

offer a fully integrated paperless process for share application.

Inactive / Dormant

BM Depository will send notices to affected account holders one month prior to the date of inactive/ dormancy.

• Contract executed on Bursa Malaysia ; based on fixed delivery and settlement system (FDSS) , Settlement -t+3 , Financial settlement - net basis .

• Institutional Settlement Services ISS ; based on Delivery Vs Payment ( DvP ), Settlement - T+3 .