Bursa Malaysia

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Central Depository System (CDS)

Investors who wish to trade in securities listed on Bursa Malaysia must open CDS (Central Depository System) accounts with Authorised Depository Agents (ADAs), i.e. stockbroking companies. Securities bought will be credited into CDS accounts that the investors have opened. Likewise for securities sold, these securities will be debited from the CDS accounts.

eRights

eRights

FAQs

eRights
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What is eRights?

eRights is a service which allows individual shareholders to subscribe for Rights issue via the ATM and internet banking facility of participating banks, similar to the electronic IPO applications via Electronic Share Application (ESA).

To cater to the needs of nominees companies, the Nominee Rights Subscription (NRS) e-services enable nominees companies to apply for rights issues electronically by connecting to Bursa Malaysia Depository Sdn Bhd’s eFIX infrastructure.

eRights will bring greater convenience and ease to investors when subscribing for Rights issue.

Process Flows

Process Flow for Rights Subscription via eRights

Process Flow for Nominees Rights Subscription

 

What are the benefits from eRights?

  1. A one-stop solution for application and payment for the Rights Securities.
  2. You no longer have to post the Rights Subscription Form or hand-deliver it to the listed issuer/share registrar. The details of your subscription of the Rights Securities are forwarded electronically to the listed issuer/share registrar.   
  3. You no longer have to go to the bank to purchase a bank draft or the post office to buy the revenue stamp. The subscription payment and revenue stamp duty are paid directly to the listed issuer/share registrar via debiting your bank account
  4. No risk of your application for the Rights Securities being lost in the post or delayed due in postal service or other delivery services.
  5. Should there be a refund arising from an excess shares application, the refund monies will be credited directly into the same bank account that you had used to apply for the excess shares. Therefore, the issue of late receipt of refund cheques or refund cheques being lost in the post is a thing in the past.

How do I apply / subscribe for Rights Issue using eRights?

All you need is a valid automated teller machine (ATM) card from the participating banks to enable you to apply / subscribe for Rights Securities via the ATM or a valid user ID and password if you apply / subscribe the Rights Securities via internet banking.

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