eDIVIDEND This document is protected by copyright. All Bursa Malaysia marks referenced in this document are trademarks or ...
CHALLENGES OF PAYMENT VIA CHEQUE <ul><li>Replacement Cheques - RM 5 </li></ul><ul><li>Indemnity Undertaking RM10 revenue s...
WHAT IS eDIVIDEND? <ul><li>Dividend payment that is credited directly into  shareholders’ bank accounts </li></ul><ul><li>...
eDIVIDEND BENEFITS <ul><li>NO MORE DELAYS </li></ul><ul><li>From 3 -14 days via cheques to  </li></ul><ul><li>0/1 day via ...
eDIVIDEND BENEFITS <ul><li>eNOTIFICATION UPON PAYMENT  </li></ul><ul><li>For shareholders who provide </li></ul><ul><li>em...
WHEN ? CDS A/C HOLDERS <ul><li>DIVIDEND DECLARATION </li></ul><ul><li>To pay via eDividend for all Dividends declared from...
Send notice to depositor to verify bank a/c details 1 2 3 4 Verify documents and input data into CDS Forward acknowledgeme...
1 6 Compute & reconcile dividend payout <ul><li>Credit dividend into bank a/c on payment date </li></ul><ul><li>Forward e-...
HOW DO I REGISTER FOR eDIVIDEND? <ul><li>INDIVIDUAL  CDS DEPOSITOR </li></ul><ul><li>Complete eDividend Form   </li></ul><...
CONTACT DETAILS For more information, kindly refer to the eDividend page at  www.bursamalaysia.com For queries, please con...
THANK YOU
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E Dividend

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Implementation of Electronic Dividend Payment | eDividend Bursa Malaysia

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E Dividend

  1. 1. eDIVIDEND This document is protected by copyright. All Bursa Malaysia marks referenced in this document are trademarks or registered trademarks of Bursa Malaysia Berhad. No part may be reproduced or transmitted by any process or means without prior written permission of Bursa Malaysia Berhad.   Whilst Bursa Malaysia Berhad has used reasonable endeavours to ensure that information contained in this document are accurate and correct, the provision of information in this document is provided on an “as is” basis without any representations or warranties of any kind. Readers should refer to the relevant terms and conditions, laws, regulations and rules pertaining to the eDividend services which are available at Bursa Malaysia Berhad’s website at www.bursamalaysia.com.
  2. 2. CHALLENGES OF PAYMENT VIA CHEQUE <ul><li>Replacement Cheques - RM 5 </li></ul><ul><li>Indemnity Undertaking RM10 revenue stamp </li></ul><ul><li>Loss of Interest Income </li></ul><ul><li>(3 to 14 days - postal service & cashing of cheque) </li></ul>DELAY IN RECEIPT OF DIVIDENDS MISSING CHEQUES CHEQUES EXPIRED UNCLAIMED MONEY ACT
  3. 3. WHAT IS eDIVIDEND? <ul><li>Dividend payment that is credited directly into shareholders’ bank accounts </li></ul><ul><li>All listed companies on Bursa Malaysia to offer eDividend by 1 Sept 2010 </li></ul><ul><li>Covers all cash dividends </li></ul>DIVIDENDS Banked in directly SHAREHOLDERS BANK ACCOUNT LISTED COMPANIES
  4. 4. eDIVIDEND BENEFITS <ul><li>NO MORE DELAYS </li></ul><ul><li>From 3 -14 days via cheques to </li></ul><ul><li>0/1 day via eDividend to receive </li></ul><ul><li>dividend payment </li></ul><ul><li>ASSURANCE OF CERTAINTY </li></ul><ul><li>Dividends credited into bank accounts </li></ul><ul><li>on a timely basis whether KL or outstation </li></ul><ul><li>No more missing cheques/expired cheques </li></ul><ul><li>No unclaimed moneys </li></ul><ul><li>CONVENIENCE & SIMPLICITY </li></ul><ul><li>No more visits to banks to deposit cheques </li></ul><ul><li>Can opt 1 bank a/c for all CDS a/cs </li></ul><ul><li>Same bank a/c applies to future new CDS a/c </li></ul>
  5. 5. eDIVIDEND BENEFITS <ul><li>eNOTIFICATION UPON PAYMENT </li></ul><ul><li>For shareholders who provide </li></ul><ul><li>email & mobile details </li></ul><ul><li>NO COST TO SHAREHOLDERS </li></ul><ul><li>No bank charges on dividend amount </li></ul><ul><li>No charges by listed companies or Service Providers </li></ul><ul><li>No Depository Admin Fee for registration within grace period </li></ul>F.O.C. Malaysia Hong Kong No Cost within grace period Transfer Agent/Broker: 0.5% of div Min HK$25 , Max HK$3000 CCASS (Depository): 0.12% of div (min HK$10, max HK$500)
  6. 6. WHEN ? CDS A/C HOLDERS <ul><li>DIVIDEND DECLARATION </li></ul><ul><li>To pay via eDividend for all Dividends declared from 1/9/10 onwards </li></ul><ul><li>REGISTRATION FOR eDIVIDEND STARTS </li></ul><ul><li>Provide Bank A/C No. </li></ul><ul><li>Email Address </li></ul><ul><li>Mobile No. </li></ul>LISTED COMPANIES 19 APR 2010 1 SEPT 2010
  7. 7. Send notice to depositor to verify bank a/c details 1 2 3 4 Verify documents and input data into CDS Forward acknowledgement copy of eDividend form <ul><li>Submit: </li></ul><ul><li>eDividend form (3 ply) </li></ul><ul><li>Copy of bank statement </li></ul><ul><li>Copy of NRIC </li></ul>5 Verify documents against data in CDS system <ul><li>Submit: </li></ul><ul><li>eDividend form </li></ul><ul><li>Copy of bank statement </li></ul><ul><li>Copy of NRIC </li></ul>4 CDS: Central Depository System ADA: Authorised Depository Agent ADM: Authorised Direct Member REGISTRATION OF eDIVIDEND <ul><li>- Bank a/c no. </li></ul><ul><li>Email & Mobile Info </li></ul>Shareholders Bursa Malaysia Depository ADA/ADM
  8. 8. 1 6 Compute & reconcile dividend payout <ul><li>Credit dividend into bank a/c on payment date </li></ul><ul><li>Forward e-notification* & tax vouchers to CDS a/c holder </li></ul>Authorise dividend payment Dividend Notification Forward Dividend Entitlement file for review / authorisation 8 Authorise dividend payment & transfer fund 7 4 2 3 8 Print & mail dividend tax voucher Generate ROD & eDividend file Request ROD 5 ROD: Record of Depositors CDS: Central Depository System * If relevant details are provided by shareholder PAYMENT OF eDIVIDEND Shareholders Bursa Malaysia Depository Listed Issuer Payment Bank Service Provider
  9. 9. HOW DO I REGISTER FOR eDIVIDEND? <ul><li>INDIVIDUAL CDS DEPOSITOR </li></ul><ul><li>Complete eDividend Form </li></ul><ul><ul><ul><li>bank name and bank a/c no </li></ul></ul></ul><ul><ul><ul><li>email address </li></ul></ul></ul><ul><ul><ul><li>mobile no. </li></ul></ul></ul><ul><li>Ensure copies and originals of supporting documents are ready </li></ul><ul><ul><li>NRIC or Passport or Authority Card </li></ul></ul><ul><ul><li>a) Bank Statement or </li></ul></ul><ul><ul><li>b) Bank Saving Book or </li></ul></ul><ul><ul><li>c) Details of your bank account obtained from your bank’s website that has been certified by your bank or copy of the letter from your bank confirming your bank account details. </li></ul></ul><ul><li>Submit completed form together with supporting documents to your stock broker’s office where your CDS account is maintained. </li></ul>Please bring along ORIGINALS & COPIES OF THE ABOVE
  10. 10. CONTACT DETAILS For more information, kindly refer to the eDividend page at www.bursamalaysia.com For queries, please contact: Bursa Malaysia Customer Care Centre Tel: +6(03) 2732 0067 Email: [email_address]
  11. 11. THANK YOU

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