Settlement

When do I pay for the purchase contracts and how?

Purchase contracts are due for settlement two market days after the day the order was executed (T+2). The Bank will debit your share trading or share margin account under PB Sharelink on T+2 provided there are sufficient funds or cash/margin balance.

Should you fail to maintain sufficient fund and/or margin balance in your share trading or share margin account on T+2, the Bank will force-sell the overdue purchase contracts on the next market day i.e. T+3.

You are NOT allowed to sell the overdue contracts on T+3.

Can I deposit cheque to my PB Sharelink account to settle purchase contracts?

Yes.

To have sufficient balance to settle the purchase contract, you may easily deposit fund into your PB Sharelink account via various modes i.e. cash/cheque deposit using the Bank’s Cash/Cheque Deposit Machines, Over The Counter in branches nationwide or fund transfer through PBe, PB engage MY Mobile App or MyPB App.

When do I receive my sale proceeds and how?

Sale contracts are due for settlement two market days after the day the order was executed (T+2).

For sale contracts, the Bank will credit the proceeds into your share trading or share margin account under PB Sharelink on T+2.

Can I perform funds transfer online?

Yes. You are allowed to transfer funds from your Savings Account or Current Account maintained with Public Bank/ Public Islamic Bank into your share trading or share margin account under PB Sharelink.

You are also allowed to transfer funds from your Savings Account or Current Account maintained with other banks into your share trading or share margin account under PB Sharelink.

In order to request for funds to be transferred out from your PB Sharelink into your Savings/ Current Account maintained with Public Bank/ Public Islamic Bank, please refer to the attachment below. Subject to Eligibility Criteria.

[Online Fund Transfer Request Guidelines]

How do I view my account position?
To view your account position, click on the ‘Online Enquiries’ link on top of the price quotes.
 
Choose any of the following enquiry options :-
Account Summary
This screen will show the actual and committed outstanding balance, total collateral value, Loan-to-Security Ratio (LSR), available trading balance, available cash/margin balance and other related information of your share trading or share margin account under PB Sharelink.
 
Outstanding Trades 
This screen will show all the outstanding purchases, sales, contra gains and contra losses due for settlement.
 
Sellable List
This screen will show all the shares available for sale for the day.
 
Settled Buy/Sell/Movement History 
This screen will show all the Buy and Sell transactions and shares movement such as transfer in/out for the past 2 months.
 
Settled Contra History 
This screen will show all settled contra transactions for the past 2 months.
 
Share Portfolio 
This screen will show all the free shares and outstanding shares in the share trading or share margin account as of the end of previous trading day’s position.
 
Statement of Account 
This system will store the latest two month’s account position available for selection.
Can I place order to buy shares immediately after I deposited a cheque?

Yes, but subjected to Bank’s approval prior to placing order through Share Investment Units.

Will I be entitled for any discount on brokerage if I trade via internet?
Yes. All contracts transacted via internet/mobile app will be eligible for lower brokerage rate subject to minimum brokerage of RM12.00.
 
Please take note that only orders that are placed via internet will be eligible for the lower brokerage rate. Orders that are placed via telephone through your designated Share Investment Executives will not be eligible for such lower brokerage rate.
 
Please contact our Share Investment Units for more information about the brokerage rates offered by the Bank.