FAQ Q&A

Frequently Asked Questions

Frequently Asked Questions

Settlement of Contracts

Settlement of sales contracts

When will I receive my sales proceeds?
Upon the selling of shares, you will receive payment on T+3. You can automate to have your sales proceeds auto credited into trust or subscribe for “ESP” service to issue payment to your designated bank account.
What is auto trust facility and how do I subscribe for the service?
Auto trust facility is a service offered to Kenanga clients who wish to have the sales proceeds and contra gains automatically credited into trust account upon due date.

To subscribe for auto trust facility, please download Share Trading (Products) Update form from KenTrade and return the form to your dealer’s representative /branch.
What is e Share Payment “ESP” service and how do I subscribe for the service?
ESP is a service offered to clients who wish to have the sales proceeds and contra gains directly credited into their trust accounts and subsequently withdrawn to his/her respective bank account without issuing cheques. ESP helps you to save on cheque charges of RM0.53.

To subscribe for ESP service, please download Electronic Share Payment “ESP” form from KenTrade and return the form to your dealer’s representative /branch.