CDS Forms
Filed Under (CDS Account) by Webmaster on 24-10-2008
Tagged Under : authorised check balance, cds form, closing, dormat account, inactive account, opening, specimen signature, updating
In Pro Trade Shares previous article on How to Open a CDS Account, I showed a few CDS forms for the purpose of opening CDS account. In this posting, I will introduce other CDS forms for various other purpose.
Updating Form
It is common for one to change one mailing address or one registered address. According to MCD, one registered address is the address stated in one Identity Card (MyKard for Malaysian or Passport for foreigner). To cater for this, CDS has a special form for this purpose. Here is the form image and its instruction on the back of the CDS Updating form.
CDS Updating Form (front)
CDS Updating Form (instructions)
If you are not active trading in stocks in Bursa for some period of time, MCD will classify your account as “Inactive”. When your CDS account is Inactive, you can still buy and sell shares but you are unable to request to transfer your shares out of the CDS account until you have submitted request to “Re-activate” your CDS account. This is a security measure by MCD to safeguard your stocks or shares in your CDS account. The form for activation is as below and the instruction on how to fill up the form are printed on the back.
CDS Activate Account Form
CDS Activate Form (instructions)
MCD will normally send you a reminder letter that your account has been classify as inactive. If after 5 years of inactivity, your account will be classified as “Dormat”. When your CDS account is Dormant, you will not be able to trade, ie. buy or sell, stocks or shares. You will have re-activate your CDS account if you want to start buying or selling shares again. The form to use is the same form for CDS activation as shown above.
Sometime you want to open a new CDS account with another stockbroker due to some reason, example, the new stockbroker has a branch close to you house. The opening of CDS account form is presented again below for your convenient.
Open CDS Account
Open CDS Account (instructions)
During the process of opening account, you will need to submit a sample of your signature. You will sign your sample signature on the CDS Signature Card. This CDS Signature Card will also be used if you decided to change the way you signed or if you forgot you old way you signed. If you want to change the way you sign, you have to present yourself personally at the office where you open the CDS account to sign a new CDS Signature card in the present of the stockbroker’s officer.
CDS Signature Card
You only need to sign on the front of the card. The back part of the card is for stockbroker updating purposes but I will just show you how it look like.
CDS Signature Card (back)
According to MCD, no one is allowed access to view you stocks balances in your CDS account. However, it is not always convenient for you to personally go to the stockbroker office to check for your latest stocks balances especially when the stock market is moving up and you want to sell but you can’t remember how many shares or unit of the stocks you have. MCD allow a CDS account holder to authorise your appointed Remisier or Dealer to check the balances on you behalf. Below is the form you will have to sign to authorise the Remiseir or Dealer. The authorisation allow you to authorise for a specific period of time (ie. up to when) or indefinately.
CDS Authorised Balance Enquiry Form
As with all type of accounts, one might one day decide to close the account. MCD has a form to cater of that. The instructions to fill up the form are again printed on the back of the form.
Close CDS Account
Close CDS Account (instructions)
With that I end today posting on the various forms available from MCD to manage you CDS account. I hope they are helpful for you.
