T+3 wise tips

To prevent sell-out

• Check with your stockbroking company on the available modes of payment e.g. auto credit, cash, cheque or on-line banking. This will help you determine the most convenient and efficient way to pay for your purchase of shares.

• Place some cash in your trust account, which can be debited to settle your purchases. But check its balance regularly and make sure your stockbroker comply with the trust account requirements.

• Pay for your shares as soon as possible. You don’t have to wait until T+3 to pay.

To prevent buying-in

• Check your CDS account to ensure you have sufficient balance before you place a sell order.

• Subscribe to Bursa Malaysia Depository Call-Direct, a 24 hours facility to check the tradeable balance in your CDS account.

• Keeps records of all CDS Statements of Account.

Above all, you must regularly be in touch with your stockbrokers and remisiers. They must be in the position to advise you on T+3. On your part, you should take the initiatives to learn more about T+3. What is provided in this article is the general overview of the T+3. A detailed explanation can be obtained from Bursa Malaysia’s website.