8/3/13

Transaction Costs | Bursa Malaysia Market

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You're here: Market Home Securities Equities Trading Transaction Costs

Equities
Equities offer considerable potential for capital growth and are long term risk investments. Ownership of equities will often entitle the investor to a portion of the company's profits through dividends.

Trading
Trading Procedures Trading Sessions Trading Halt Transaction Costs Contra Transactions Board Lot Order Types Minimum Bids Theoretical Opening Price Central Depository System (CDS) Regulated Short Selling (RSS) Circuit Breaker Compensation Fund International Securities Identification Number (ISIN)

Transaction Costs
In addition to the cost of the shares bought or sold, the client will have to pay the following charges:

Brokerage Rates
Brokerage is payable by both buyer and seller. a. Stocks, ordinary shares, preference shares and other listed securities executed in board lots. The brokerage payable for all trades in stocks, ordinary shares, preference shares and other securities listed and traded on the stock market of Bursa Malaysia [but excluding the instruments described in paragraphs (b), (c) and (d) and (e) below] the brokerage payable shall be the minimum prescribed or shall be on a fully negotiated basis between its client, subject to a maximum of 0.70% of the contract value, whichever is higher. b. Government bonds, Municipal Debentures and Asian Dollar Bonds c. Other debentures (non-convertible) d. Overseas options For all trades in these instruments [(b), (c) and (d)] regardless of contract value or nominal value, the brokerage is fully negotiable. e. Such other instruments as the Exchange may prescribe by way of any circulars, directives or guidelines issued by the Exchange from time to time f. Minimum brokerage The minimum brokerage rate is as follows: Category of Trade Inter-broker Institutional Retail trades valued above RM100,000 Retail trades valued below RM100,000 Online routed retail trades (via ECOS)** & *** Trades executed less than a board lot*** Trades where cash upfront has been given prior to the execution of the trades*** Same day buy and sell trades Minimum Brokerage Rate* Fully negotiable Fully negotiable 0.3% of contract value 0.6% of contract value Fully negotiable Fully negotiable Fully negotiable 0.15% of contract value

* Fixed brokerage - Always subjected to the fixed brokerage of RM2.00 on transaction of loan instruments and RM40.00 on any other transaction. ** Participating Organisation's Electronic Client-Ordering System approved by Bursa Malaysia. *** The minimum fixed brokerage of RM40.00 is not applicable for these transactions

Clearing Fees
a. Novated 0.03% of transaction value (payable by both buyer and seller) with a maximum of RM1000.00 per contract. There is no minimum fee imposed. b. Direct business 0.03% of transaction value (payable by both buyer and seller) with a maximum of RM1000.00 per contract and a minimum of RM10.00.

Stamp Duty
The stamp duty chargeable on transactions on the stock market of Bursa Malaysia is:

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8/3/13

Transaction Costs | Bursa Malaysia Market

a. RM1.00 for RM1000.00 or fractional part of value of securities (payable by both buyer and seller). The stamp duty shall be remitted to the maximum of RM200. b. An instrument relating to the sale and purchase of retail* debenture and retail* sukuk as approved by the Securities Commission under the Capital Markets and Services Act 2007 [Act 671] are exempted from stamp duty. This exemption order applies to a retail investor who is an individual* for instruments executed on or after 1 Oct 2012 and not later than 31 Dec 2015.
* Please refer to "STAMP DUTY (EXEMPTION) (NO. 4) ORDER 2013"

Registration Fees
RM3.00 fee is charged per share certificate which is payable to the company registrar for issuance of new certificates.
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