Frequently Asked Questions

Account Opening

Who can open a Securities Trading Account?

Only, Myanmar Citizens except the employees from securities companies can open a Securities Trading Account. Companies can also open a Corporate Securities Trading Account.

Where can open a Securities Trading Account?

To open a securities trading account, please enquiry at uab securities limited Head Office or UAB Branches within office hours.

What are the requirements to open a Securities Trading Account?

NRC Card, Email Account and uab bank Passbook are required for Individual Securities Trading Account. If you do not have a uab bank Passbook, you can open a new bank account in the same time. Email Account must be presented to provide information related with securities trading. Details of required documents for the corporate securities trading accounts are described in Client Guide.

Do you accept the bank accounts from other banks?

We accept only uab bank Accounts.

What kinds of information will be received after securities account opening?

You will receive two letters by email.

1.Welcome Letter which include Trading Account Number (Client ID)with 9 Digits, Email Address, Mobile Phone Number and two Bank Account Numbers and
2.Welcome to online trading letter which contains Log In Password.

First bank account number is Trading bank account which open only for securities trading purpose and second bank account number is Personal Bank Account in order to use for withdrawal purpose.

What is the difference between Trading Bank Account and Personal Bank Account?

Trading Bank Account is opened together with Securities Trading Account. Interest rate is 4% per annum as per Monthly savings interest rate calculation. Required amount must be deposited to Trading Bank Account in order to buy shares.

If you want to withdraw the sell amount or unused amount from the Trading Bank Account, we will transfer only to the Personal Bank Account (Savings or Current Account) which provide at the time of securities account opening. Any bank account except joint account, fixed account, teenager account and saving plan can be used for personal bank account.

How long does it take to open a securities Trading Account?

Account will be registered within 2 Business days after receiving complete application form. You will receive two welcome letter email and our dealers will also inform by phone and explain about securities trading.

 

Trading

What is dematerialization process?

Physical Share Certificate must be changed to electronic form and registered at Yangon Stock Exchange. This process is called Demat Process. Then, shares can be traded at Yangon Stock Exchange.

To do the Demat Process, you can fill the Dematerialization Request Form together with physical share certificate at the time of securities trading account opening. It will take about 2 days to a month based on the process with Yangon Stock Exchange and Listed Companies.

 

What are the process to buy shares?

Required amount must be deposited to Client Trading Bank Account to buy shares via uab i Banking or the nearest uab Branches or Remittance from other Banks. You can transfer money easily to Trading Bank Account by using internet Banking.

How do I place orders?

You can place buy/sell order by using online trading application or by visiting to uab securities limited Head Office or calling to our Marketing Officer on weekday (9:00 am to 5:00 pm) except weekend and public holiday.

 

What are the tick sizes based on the ranges of order prices?What are the trading hours of YSX?

The trading hours of YSX is from 9:30 AM to 1:00 PM.

 

What are the matching times at YSX?

The matching time at YSX is 10:00AM, 11:00 AM, 12:00 PM and 1:00 PM. There will be more matching time according to YSX in future.

 

What are the hours to place orders?

Orders will be accepted from 9:00 AM to 1:00 PM for the current day.

Pre-orders will be accepted from 1:00 PM to 4:30 PM for next trading day.

What are the differences between Market Order and Limited Order?

Share price will be matched between the highest and lowest price on the based price.

E.g - If the based price of the share is 5,000 MMK (the price limit is +/- 1000 MMK), the highest price will be 6,000 MMK and the lowest price will be 4,000 MMK.

 

Market order buy or sell securities at the price within the highest and lowest price of the day. (Dealers will calculate estimated total cost with the highest price for buying and the lowest price for selling)

Limit orderbuy or sell securities at the specified price of the shares. (limit highest price for buying and lowest prices for selling)

What are the pros and corns of Market Order?

Pros –Market Orders will the first priority for order execution.

Corns –Sometimes buy orders will be executed at highest price and sell orders will be executed at the lowest price.

What are the pros and corns of Limit Order?

Pros – Limit orders can set the specified price. It limits the highest price for buying and lowest price for selling. Sometimes orders will be executed with the better price.

Corns – Limit orders will the second priority for order execution. All limit orders may not be executed.

What are the fees and commissions for securities trading?

Brokerage charges and government stamp duty (0.1% of trading value) will be collected for buying shares. Only brokerage charges will be collected for selling shares.

Brokerage charges and government stamp duty are the same for all securities companies as it is set by Securities and Exchange Commission of Myanmar (SECM).

What are the matching system at YSX?

Matching price is the same for each securities and do the matching with Price-Time Priority.

If Buy, the highest price of the order will be executed for the first priority. If the price is the same, the earliest orders will be executed first.

If Sell, the lowest price of the order will be executed for the first priority. If the price is the same, the earliest orders will be executed first.

 

How do I know the order execution?

Trade confirmation email will be automatically sent to your email address which include the executed share quantity, price, time and order type at once the trade is executed at 10:00 AM or 11:00 AM or 12:00 PM or 1:00 PM.

What kinds of documents do I receive after success trading?

You will receive Contract Note which includes the details of your trade transaction such as trade date, settlement date, executed quantity and price, brokerage charges, government stamp duty and total amount.

 

How do I withdraw money from trading bank account?

If you want to withdraw the sell amount or unused amount from the Trading Bank Account, you have to request with the withdrawal form by visiting to uab securities limited Head office or sending email to uabsc.care@uab.com.mm or sending fax to 01-504 836.

Withdrawal process will be started only at 4:00 PM and we will transfer only to the Personal Bank Account provided at the time of securities account opening.

You can withdraw the requested amount by using ATM Machine or going to uab Branches on next day. Sell amount can be withdrawn only on T+3 settlement.

How do I modify my account details?

You can modify or change your account information with Amendment Request Form with supportive documents.

Can I transfer my shares from other securities company to my securities trading account at uabsc?

If you want to transfer your shares to uab securities limited, you can request to your existing securities company.by providing uabsc Client ID.

 

What are the daily price limits based on the ranges of base prices?

Base Price (MMK) Price Limit (Upward/downward)
From Below
  1000 100
1000 2000 250
2000 4000 500
4000 10000 1000
10000 20000 2500
20000 40000 5000
40000 100000 10000
100000 200000 25000

What are the tick sizes based on the ranges of order prices?

Order Price Tick Size
Above Up to
  1000 10
1000 4000 50
4000 10000 100
10000 40000 500
40000 100000 1000
100000 400000 5000
400000 1000000 10000

How do I check my cash and securities balance of my trading account?

You can check the cash and securities balance by using mobile application or website or calling to uab securities limited Head Office.

 

How can I change my password for mobile application?

You can change the password from Mobile Application or Website by the following paths.

In MOB- Menu>Account>Change Password

In WEB-Menu>User Profile>Change Password

What do I have to do if I forget my password?

You can reset the password from Mobile Application or Website by using Client ID, Email and Date of Birth.

What is the valid period time of order?

Market Time Order will be valid until 1 pm for a day. After Market Time Order will valid from 1:01 pm until 9:30 am tomorrow.

How do I cancel the order?

You can cancel the order by using online trading application or calling to Marketing Officer of uab securities limited. Order will be cancelled by responsible person from uab securities if the conditions as set in the Client Agreement are met or insufficient funds or securities.

How do I close the account or terminate online trading service?

You can submit written application along with the following documents:

      - Data Amendment Request / Closing Account Form with your signature.

      - Copy of identification card for individual client

      - Original of Board of Resolution for corporate client

What is the limited trading amount of online trading?

Limited trading amount of one transaction though online services is no more than MMK 20 Million.

What is the definition of Order?

Order simply means the submitting demand to purchase or sell of securities.