• IDSS transaction is not allowed to be executed :
   
  1. During Trading At Last phase (4.50pm to 5.00pm)
  2. As carry forward order – Good Till Date (GTD) order.
      
• IDSS is not eligible for :
   
  1. Margin account.
  2. Islamic trading account.
  3. On-Market Married Transaction (OMMT).
  4. Direct Business Transaction.
  5. Odd Lot.
      
• Trading in IDSS will be suspended by Bursa if the following conditions are met :
   
  1. Gross short selling volume exceeds the daily maximum limit of 3% of outstanding shares per security.
  2. Stock price falls more than 15% (for price more than RM1.00) or RM0.15 (for price less than RM1.00) from the previous day closing price.
  3. Net short selling volume (RSS) aggregated over a period of time is 10% of the quantity of outstanding shares.

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Potential settlement for an open IDSS position are as follows :

1. By transferring shares from another CDS account of the same client.
2. By borrowing such securities, subject to availability, from the Approved Shares Lender. There will be cost charged by the Lender on the borrowed securities.
3. If both the above are unsuccessful, the short-sell position will be subject to buying-in instituted Bursa Malaysia on the due date and the client shall be liable for the cost or loss incurred from the buying-in.

• All clients will be required to complete the following documentations prior to participating in IDSS:
   
  1. Terms and Conditions for Intraday Short Selling that covers:
     1. the SBL terms with the Bank to borrow Eligible Securities or purchase ISSBNT Eligible Securities to settle potential failed trades in the event any IDSS executed by the Client are not closed out by the end of the day;
     2. the IDSS risk disclosure statement;
     3. the written declaration from the Client that he/she/they fully understand the IDSS requirements in accordance with Bursa rules and that the Client is not associated with the body corporate that issued or made available the Approved Securities to which the IDSS is to be entered.
     4. Client’s acceptance of the salient terms and conditions set-out by the Bank for trading IDSS with the Bank.
         
  2. Account Application Forms and all the required supporting documents (applicable to new clients only)
  3. Nominees Agreement (where applicable)
      
• Once eligibility criteria are met and approved, the Bank will open a designated IDSS trading and a CDS account for the client to trade IDSS.

The fees for the borrowed securities are :

1.  Processing Fee – RM150.00 per matched borrowing
2. Borrowing Fees – 3.00% of the borrowed securities value per matched borrowing / per annum (daily calculated) with minimum of RM50.00

You need to add “OrdSubType” column in your online Order Book. IDSS word will be displayed in “OrdSubType” column in your Order Book to indicate that the order was successfully submitted as an IDSS order.

Yes, IDSS order can be executed online via our trading platforms. Please ensure that you select the correct IDSS designated trading account, account that starts with IDSS follow by digits (i.e IDSS0001), when place order for IDSS. Failure to select the IDSS designated trading account will result your order is treated as normal order.

There is no additional fee on IDSS. Your brokerage for IDSS account is the same as your normal account. You may contact your Dealer Representative for more information.

Collateral must be deposited with the Bank before IDSS can be carried out. Trading limit will be granted based on the collateral type and the account in which the collateral is deposited. You may contact your Dealer Representative or remisier for more information.

Yes, you can but subject to approval.

Yes, you can but subject to approval.

No, you are NOT allowed.

No, you are NOT allowed.

• The IDSS positions must be closed off before 4.30pm, failing which the Bank shall take-over from 4.31 pm to force-close the open positions in the market in order to comply with Bursa Rule. Please note that it is MANDATORY to close off all IDSS positions within the same trading day.  Failure to close off the IDSS position is in breach of Bursa Rules and may subject to enforcement actions by Bursa Malaysia .
• All outstanding IDSS orders, which are still queuing in the market, must be withdrawn from the market before 4.30pm to avoid any possible IDSS open position after 4.30pm.
• The Bank will auto suspend all IDSS accounts from executing IDSS order from 4.31pm onwards in order to initiate the force closure of open short-sell positions.

To be eligible for IDSS, clients must have an active trading account with AmInvestment Bank Bhd (‘the Bank”) and are required to comply with the prescribed terms and conditions and requirements set out by the Bank. You may contact your Dealer Representative or remisier for more information.

Your current trading account will not have access to IDSS by default. You are required to open a designated trading account for IDSS trading in the name of Amsec Nominees (Tempatan/Asing) Sdn Bhd.

No, IDSS can only be carried out for Approved Securities prescribed and updated by Bursa Malaysia twice a year, in May and November. Currently, there are total of 263 securities in the list Approved Securities. You may click the following link to view the list of Approved Securities from Bursa’s website (hold the “Ctrl” button on your keyboard and click the link. You will be directed to Bursa website. Open the Bursa SBL Eligible Securities to view the full Approved Securities list : http://www.bursamalaysia.com/market/products-services/securities-borrowing-lending-sbl/sbl-eligible-securities/ .

Client’s monies held in foreign currency are not entitled to any interest/profit.

Yes, the interest/profit rate and administration fees are subject to change from time to time and will be notified to client via periodic statements/statement of accounts and/or the Bank’s website at www.amequities.com.my.

For Futures account, the interest to be earned is only applicable if there is a minimum available excess cash balance of RM50,000 in client’s account at all times. The prevailing interest rate shall be the rate quoted by Bursa Malaysia Derivatives less administration fee of 1.00% on available cash balance in client’s Account.

The prevailing interest/profit rates and charges applicable to client’s excess monies held in Ringgit Malaysia are as follows:

• Normal / Collateralised Trading Account Interest/Profit rate: 2.60% p.a. on available cash balance in client’s account.
• eDirect Cash AccountInterest/Profit rate: 2.15% p.a. on available cash balance in client’s account.