e-Payment

Overview

e-Payment is a service offered by UOB Kay Hian (M) Sdn. Bhd. (“UOBKH”) to its trading Clients which allows UOBKH to credit payment electronically to its client’s designated bank account. e-Payment include all sale proceeds, contra gains, credit withdrawal and any sum standing to credit in the client’s account. This is an optional service provided to UOBKH’s Client. Therefore we strongly encourage all of our valued Clients to sign up for this e-Payment service.

Benefits of e-Payment

Signing up for the e-Payment service offers the following benefits:

• - Faster: Clearing period of only 1 banking day compared to previously 3 banking days
• - Convenience: Not having to physically go to the bank to bank-in your cheque
• - Traceable: Receipts are instantly reflected in your bank statement
• - Safe: Payments made are cross checked with the Customer’s name, bank account number and Identification number.

Eligibility

The e-Payment service is available only to individual and corporate trading clients with sale proceeds denominated in MYR. It is not available to Margin Clients, Collateralised Clients, Institutional Clients, or contracts settled in foreign currency.

Fees

e-Payment is a complimentary service offered to UOBKH clients at no additional fee or charge.

Bank Account Requirements

Any existing active savings or current account held in the client's name may be assigned, or a joint account on which the client is named as one of the accountholders. Joint bank accounts are permitted but not encouraged; the trading client must be the primary holder of the joint account to avoid payment failure.

The savings or current account must be maintained with a financial institution located in Malaysia that offers MEPS Inter-Bank GIRO (IBG) service. Participating institutions include Maybank, CIMB Bank, Hong Leong Bank, UOB Bank, HSBC Bank, and Public Bank, among others. A complete list of IBG-participating institutions is available on the following website.

Confidentiality of Bank Account Information

Bank account details and related information are used solely to enable payments to be credited directly into the client's bank account. This information is protected under the Banking and Financial Institutions Act (BAFIA) 1989, which strictly prohibits its disclosure to any party unless the customer or their personal representative has given written permission. By signing the relevant form to provide bank account information, clients authorise its disclosure to parties necessary to effect payment, such as financial institutions.

Multiple Bank Accounts

Only one bank account can be registered per trading account with UOBKH.

Signing Up

Step 1: Obtain a copy of the Customer Maintenance Update Form from our Customer Service or your Dealer's Representative.

Step 2: Complete the form and submit it back to UOBKH together with the necessary supporting documents.

Supporting Documents

The following supporting documents are required:

• - Identification documents e.g. NRIC, Passport, Authority Card or other acceptable identification documents (for individual trading Clients); or
• - Certified Certificate of Incorporation / Certificate of Registration (for corporate trading Clients); and
• - Designated bank account statement / bank pass book / details of bank account obtained from bank’s website which has been certified by the bank / letter from your bank confirming your bank account details.

If the same bank account is already registered for e-Dividend, these supporting documents are waived.

Activation Timeline

UOBKH activates the e-Payment service within three (3) business days of receiving the completed form with all supporting documents. A business day refers to a day on which UOBKH is open for business.

Crediting Timeline

Payment is made electronically into the client's designated bank account on T+2, provided there are no outstanding losses or purchases. Funds are generally available in the bank account within the same day of payment, though actual timing may vary depending on the receiving bank's processes.

Notification of Payment

The client's bank sends an email and/or SMS notification once payment has been received from UOBKH.

Terms and Conditions

There are two conditions to be aware of:

• - If there is any outstanding losses due and undue on the crediting day (T+2), UOBKH has the right to automatically set off the losses on the crediting day and the excess payment will be auto- credited into your designated bank account the next day.
• - If there is any outstanding purchase(s) on the crediting day (T+2), you have an option to use the sales proceed to settle any outstanding purchase(s) by submitting the request to Finance Department through your Dealer’s Representative on T+2 to exclude the sales proceed from e-payment. The balance after purchase settlement shall be auto credited into your designated bank account the next day. Notwithstanding the above option, you may opt to withdraw your sales proceed by way of e-Payment without setting off the Purchase on T+2.

Failed Transactions

Although uncommon, e-Payment transactions may fail under the following circumstances (not exhaustive):

• - Unmatched details of the Client’s bank account (e.g. wrong bank account number given by the Client)
• - Unmatched details of Client’s NRIC / Passport no./ Company Registration No. maintained with UOBKH and Client’s designated bank account
• - Unaccepted status of the Client’s bank account (e.g. close, inactive or dormant bank account)
• - Any other inadmissible condition or restriction imposed by the authority
• - Unexpected system breakdown / technical problems

Funds That Cannot Be Credited Electronically

If funds cannot be credited electronically for reasons that may include but are not limited to the circumstances above, UOBKH will, upon confirmation from its bank of the failed transaction, contact the client to validate bank account details and/or rectify the issue, then credit the designated bank account electronically the next day. UOBKH may, at its discretion, remit payment via cheque in lieu of e-Payment.

Changing the Designated Bank Account

Step 1: Complete the Customer Maintenance Update Form with your new designated bank account details.

Step 2: Submit it to UOBKH together with a verified photocopy of the new bank account's latest statement or passbook.

Note: No cost is charged for this service.

Ad Hoc Cheque Requests

Payment via cheque may be requested on an ad hoc basis by informing the Finance Department through a Dealer's Representative by 4:00 pm on T+2.

Revoking e-Payment

The e-Payment service can be revoked at any time by completing the Customer Maintenance Update Form and submitting it to UOBKH.

Service Revisions

UOBKH reserves the right to revise, amend, vary, and/or modify the e-Payment service and its terms and conditions at any time, without prior notice.

Further Information

Further information about e-Share Payment is available on Bursa Malaysia's website.

Trust Account & Payments

Making a Deposit or Payment

Deposits can be made using one of the following methods:

i. FPX transfer in UTRADE platform (Webpage or Mobile Application) (Please note that FPX transfers will be processed automatically during Bursa trading days from 8:30 AM to 1:00 PM and 1:30 PM to 6:30 PM . Any FPX transfers made outside of these hours will be processed during the next Bursa trading day's operating hours.)

ii. Internet banking to our designated bank account

(Please indicate your name and/or client code in the reference section of the bank-in slip.)

iii.Cheque deposit to

UOB Kay Hian (M) Sdn. Bhd.

(Please indicate your trading account number and the contract number or the contra statement number on the reverse side of the cheque.)

Please note that only MYR is accepted via Internet banking/cheque.

Sales Proceeds Timeline

The sales proceeds from selling shares will be received on the settlement day as depicted in table below. However, the fund can only be withdrawn one (1) Bursa Trading day later.

Offsetting Sales Proceeds Against Purchases

For shares listed on Bursa Malaysia, this is permitted if both sales and purchases are in the same settlement currency. Clients should inform their Dealer Representative of the request one day before the due date of the sale(s).

For SG, HK, and US shares, purchases and sales proceeds are settled as separate events.

Trust Account Withdrawals

Trust balances can be withdrawn through the UTRADE trading platform on the webpage or mobile application.

Via Web

Step 1: Click “My Account”.

Step 2: Click “Trust Withdrawal Application”.

Step 3: Click the “Go” button.

Step 4: Click “Withdrawal”.

Via Mobile App

Step 1: Tap “Menu”.

Step 2: Tap “Withdrawal”.

Step 3: Tap “Trust Withdrawal”.

Note: Withdrawal requests are processed in batches, with a cut-off time of 10am on Bursa trading days. Submitting your request before the cut-off may allow your fund transfer to be completed the same day; otherwise, it may be delayed to the next Bursa trading day, subject to your bank's processing time.

Foreign Currency Trust Fund Withdrawals

Requests can be submitted offline through a DR (Dealer/Remisier) on the client's behalf. If foreign bank account details have not been registered, a recent one-month bank statement may be required for verification.

Converting Foreign Currency Trust Funds to MYR

Trust funds can be converted and withdrawn in MYR only if derived from trade settlement (i.e., sales proceeds). Requests can be submitted offline through a DR (Dealer/Remisier) on the client's behalf.