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   FAQs - i*Trade@CIMB
 Home >> FAQs - i*Trade@CIMB >> eSettlement

     
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 E-Settlement
 
1) Why use E-Settlement?

  • It is an online payment service offered by i*Trade@CIMB
  • It is FREE of charge
  • It is convenient as there is no need to issue cheques
  • You can pay from your home or office, no traffic jams, no queues and no hassle
  • You can see exactly what you have to settle
  • You are able to settle multiple contracts at one time

 
2) What are the payment modes available?

  • Set off against Credit Balance (Trust / Contra Profit / Dividend / Credit Billing)
  • Online Payment via Internet Banking

 
3) To perform online payment via Internet Banking, do I have to be a customer of CIMB Bank Berhad or Maybank Berhad ?

Yes, you do need to have a savings or current account with either CIMB Bank or Maybank and sign up for Internet Banking.
 
4) How can I settle my outstanding contracts via i*Trade@CIMB?

  • Click on <E-Settlement>
  • Select the contracts that you wish to settle
  • Select payment mode
  • Confirm your entry to obtain a Reference Number
  • View your settlement status via <Payment Satus> screen

 
5) How can I confirm that my contracts are settled?

You can check your settlement status from the <Payment Satus> screen.

 
6) What happens if I have insufficient funds in my account?

You will be prompted a " Reject " message.

 
7) Can I settle my contracts partially?

Yes, provided you choose to settle the partial contract in marketable lot.

 
8) Will I be able to keep track of my E-Settlement transactions?

Yes. Click on <Settlement Status>, you will be able to view payments made. You may print and keep this statement for your record.
 
9) Can I settle my contracts after T+3 (due date) via Internet Banking?

No. Settlement has to strictly follow the Bursa Malaysia's Fixed Delivery and Settlement System (FDSS).