To invest in shares, a client should be above 18 years of age and must own a CDS account. If the client already owns an account, he or she may contact an assigned stockbroker and provide details of the share he or she wishes to buy/sell. Stockbrokers can be contacted though telephone, fax, email or personal visits and the client should specifically mention the name of the company, the number of shares and the price when buying. A transaction cost of 1.12% will be applied when buying and selling.
To settle transactions, a single tier settlement cycle of trade day + 3 (T+3) is adopted.
Payment must be made by the buyer for shares bought by the 3rd trading day after the purchase (T+3).
Payment will be received by the seller for shares sold by the 3rd trading day after the sale (T+3).
Asia Securities offers the following trading solutions for clients who enjoy managing and using their accounts on-line:
A CDAX account allows clients to view and manage their stock portfolio at any time from any part of the world. Click on the link below to access your CDAX account.
Another method of monitoring the happenings in your portfolio is by using a DirectFN account. DFN accounts provide clients with a platform from which prices at a real time pace can be viewed and information for a multiple range of asset classes can be accessed. Click on the link below to access your DFN account.
To begin trading online, clients must own either a CDAX or DFN account. Accounts for both applications can be opened by completing the forms given below: