I just came across to this news that Bursa Malaysia is going to implement the eDividend system. What’s so special about this? My first thought, we will not receive the cheques for our dividend, instead it will bank in directly to our account…

“eDividend is a service which allows an issuer to electronically pay your cash dividend entitlements directly into your bank account instead of making payment via bank cheques.
One of the main objectives of implementing eDividend is to promote greater efficiency of the payment system which is aligned to the national agenda of migrating to electronic payment.
Register with your stockbroker from 19 April 2010.”

Registration Process for eDividend

 eDividend Payment Flow

 

Hurry up, contact your Broker Firm from 19th April 2010!!! :)

For more information, please visit to the Bursa Announcement. Or, you can Download the FAQ.

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