1.  Settlement Process

A buyer will have his CDS account credited by T + 3. However, if a buyer fails to pay by 12.30pm on T + 3, the company then shall ’sell-out’ the shares to cover his outlay on T + 4. For example, if you buy a share on Monday, then the due date for your contract is on Thursday. Should a public holidays falls within 3 days settlement period or on the due date, the new due date will be the subsequent market day.

A seller’s CDS account is debited by T + 3. This also means that a seller’s account does not have to be in credit, at the point when he trades. However, he must have shares to the credit of his CDS account on T + 2. To settle such trade, he can transfer the required shares into his account on T + 2 day itself before 12.30pm.

If a seller fails to have his shares in his CDS account to settle a trade on T + 3, his trade will fail and buying-in will be instituted against him on the same day.

2.  Sale Proceeds

Sale proceeds of the shares can be issue to the client by cheque within 3 days after the date sell transaction in 3 ways :

• We can bank-in the cheque to your bank account (Please provide us your Bank Account Number)
• You can request the cheque to be forwarded to your remisier or dealer
• You can collect the cheque personally on T+3 after 12:00pm

3.  Cost of Trading

The current transaction costs for a buy or sell order are :

4.  Contra Transaction

a. Contra Gains

Contra gains cheque/payment will be issued on C+3 market days (that is three (3) market days from the day of sale), after deducting any outstanding debit items except purchases.

5.  Making Payment

a.	Post / Deliver Cash or Cheque
	You may post your cheque or deliver cash / cheque to your Dealer / Remisier or to our OSK Investment Bank Berhad Branches. Click HERE for the list of our Branches.
b.	Direct Bank-in
	You can make payment to the panel of Banks and its bank account number following your respective branch (click on the branch for banking details). All payment must be made payable to OSK Investment Bank Berhad.  Kindly indicate your client code, contact number and the Bank Code on your deposit slip and fax it to your Dealer/Remisier.  You may also contact your Dealer/Remisier to inform him/her of the payment details.
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