Frequently Asked Questions
Only, Myanmar Citizens except the employees from securities companies can open a Securities Trading Account. Companies can also open a Corporate Securities Trading Account.
To open a securities trading account, please enquiry at uab securities limited Head Office or UAB Branches within office hours.
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.
We accept only uab bank Accounts.
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.
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.
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.
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.
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.
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.
The trading hours of YSX is from 9:30 AM to 1:00 PM.
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.
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.
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)
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.
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.
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).
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.
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.
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.
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 email@example.com 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.
You can modify or change your account information with Amendment Request Form with supportive documents.
If you want to transfer your shares to uab securities limited, you can request to your existing securities company.by providing uabsc Client ID.
|Base Price (MMK)||Price Limit (Upward/downward)|
|Order Price||Tick Size|
You can check the cash and securities balance by using mobile application or website or calling to uab securities limited Head Office.
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
You can reset the password from Mobile Application or Website by using Client ID, Email and Date of Birth.
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.
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.
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
Limited trading amount of one transaction though online services is no more than MMK 20 Million.
Order simply means the submitting demand to purchase or sell of securities.