Wednesday, December 18, 2013

Registering for CDS eStatement

Whenever our Central Depository System (CDS) account has share movement (buy shares, sell shares, transfer share, receive bonus shares, subscribe to rights shares, etc.), Bursa Malaysia Depository Sdn Bhd will send a Statement of Account (Penyata Akaun) to us via snail mail on the next month.

Even though there is no share movement at all, as long as there are still some shares in our CDS account, we will also receive the Statement of Account at a longer interval.

Now, we are given an option to subscribe to Electronic CDS Statements and Notices (eStatement) from Bursa Malaysia Depository Sdn Bhd to receive such Statement of Account and other notice paperlessly with our email account instead of the paper statement.

Converting to eStatement is free of charge, and can be done online at Bursa Malaysia website, as long as you have received your Password Phrase in your latest Statement of Account.

Here is how to do it.

Step 1: Open your web browser and go to the Request for eStatement webpage.

Step 2: Fill in the online form as shown above and click the Submit button. The Submit button will appear after you fill up the form.

Note that your complete CDS no. is "XXX-YYY-nnnnnnnnn", in the CDS Account No. field, you just need to key in "nnnnnnnnn" which is the last portion of your complete CDS no. You would not be able to submit the form if you keyed in the complete CDS no.

Also note that you need to obtain your Password Phrase from your latest Statement of Account. It will appear on every pages of the CDS statement.

Upon successful submission, you will be able to see the webpage as below.

Step 3: Wait for the confirmation email sent out by Bursa Malaysia to you. In fact, Bursa Malaysia still sent a paper confirmation letter to my postal address.

It's pretty simple, isn't it?


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