FAQ - eSettlement |
Opening Account | Trading | Settlement | Securities | Technical | Others |
1 | How do I settle trades done through the Internet? | ||||||||||||||
a) Apexetrade eSettlement You may view user guideline on how to perform online eSettlement via Apexetrade. b) JOMPAY You may view user guide on how to deposit fund/make payment via JOMPAY. c) Funds transfer to our bank accounts You can make a direct payment to Apex Securities Berhad accounts as below. All payment must be made payable to Apex Securities Berhad.
d) At Apex Securities Berhad counter (3rd floor) and Menara UAC counter (5th floor) | |||||||||||||||
2 | Receipts of Third-Party Deposits | ||||||||||||||
Third- Party Deposit Accepting Circumstance w.e.f 15th November 2022
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3 | Can I check my outstanding position online? | ||||||||||||||
Yes, you may check your outstanding position by clicking on the ‘Report' menu and select ‘Client Summary'. Note: Your outstanding position is the end of the day position of the previous day. | |||||||||||||||
4 | When do I receive my contract notes? | ||||||||||||||
Generated contract notes will be sent to you on the next working day following each transaction (T+1).
Alternatively, you may view or print out the e-contract from E-statement website www.apexsec.com.my | |||||||||||||||
5 | When must I pay for the shares that I bought? | ||||||||||||||
All shares purchased will be due for payment on T+2, you are required to settle by T+2 (due date) before 2 pm. However, if the buying client fails to pay on T+2 by 2pm, the Company has the right to 'sell-out' the shares to cover his outlay on T+3.
For example, if you make a purchase on Monday, then the due date for your contract is on Wednesday. Public holidays and any non-market days such as Bursa Malaysia prescribed closure days and weekend will not be counted as part of the "T+2" settle period. | |||||||||||||||
6 | What are the key dates that I have to be aware of for sale of securities? | ||||||||||||||
Securities have to be ready for delivery in your CDS account at the latest on T+2 by 11.30am. Bursa Malaysia will carry out an auto buy-in on T+2 from 2.00pm to 5.00pm. Cash settlement will take place on T+3 if the buying–in is unsuccessful.
Note: A buy-in situation only arises if you fail to deliver the securities at the stipulated period. Pursuant the Securities Act 1983, it is construed as a short selling, and is a criminal offence. | |||||||||||||||
7 | Can I authorise a third party to collect my sales cheque? | ||||||||||||||
Yes, you will need to sign on the Letter Of Authorization And Standing Instructions as attached in the Individual Account Application Form. | |||||||||||||||
8 | When do I need to settle my contra loss? | ||||||||||||||
You are required to settle all the contra losses within two (2) market days from the date of contra, failing which interest shall be charged on the outstanding contra losses at the prevailing interest rate set by the company. | |||||||||||||||
9 | When do I get my contra profits payment? | ||||||||||||||
Contra profit payment shall be paid to you on the 2nd market day from the date of contra, after deducting contra loss(es), outstanding interests and/ or any other debit charges. | |||||||||||||||
10 | If I wish to withdraw cash from Trust Account, what should I do? | ||||||||||||||
You may contact your designated dealer representative at 03-7890 8833 or your Remisier to perform the withdrawal request.
Alternatively, you may email your request to apexetrade@apexsecurities.com.my ,we will help you to forward your request to the relevant department. | |||||||||||||||
11 | Where can I check my net cash balance? | ||||||||||||||
Click on 'Settlement' and 'e-settlement'. Reflected in red 'Amount Available to Setoff Outstanding' is your cash balance in your account. | |||||||||||||||
12 | How do I apply for e-share payment (ESP) service? | ||||||||||||||
To apply for ESP, please fill-up the ESP form and contact your respective Dealer Representative. | |||||||||||||||
13 | What is E-Statements? | ||||||||||||||
E-Statements are electronic versions of your account statements. You can view and print your statements right from your computer without waiting for traditional mail. | |||||||||||||||
14 | How do I sign up for E-Statements? | ||||||||||||||
You just need to logon to www.apexsec.com.my and sign up. | |||||||||||||||
15 | Will I still receive paper statements if I sign up for E-Statements? | ||||||||||||||
No. When you enroll in E-Statements your paper statement is no longer delivered. | |||||||||||||||
16 | Are there any fees for receiving E-Statements? | ||||||||||||||
No, we do not charge fees for receiving E-Statements. |