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Minimum Brokerage


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JL
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Joined: Tue Jul 11th, 2006
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Posts: 509
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  Posting #1: Wed Jan 2nd, 2008 10:45

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This is the email i receive from RHB





Dear Valued Clients,
 
Please be informed that Bursa has announced the amendments pertaining to brokerage (RULE 1001) which shall take effect from 2 January 2008.
 
Here are some of the salient changes as stated in the said Amendments:
1. The minimum brokerage where applicable is RM40
2. The brokerage for the following transactions is fully negotiable:
·        Trades executed less than a board lot;
·        Trades routed via ECOS; and
·        Trades where cash upfront has been given prior to the execution of the trades.
 
The circular that broadcasted by Bursa is available at
http://www.bursamalaysia.com/website/bm/rules_and_regulations/bursa_rules/downloads/bm_cir_rr21_020108.pdf
 
Should you require further clarification, please do not hesitate to contact your dealer representatives or our helpdesk at 03-9205 1300 (KL) / 06-226 1833 (Melaka).
 
Sincerely,
RHBInvest Team
 



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