young wrote:xxxxx wrote:
BTW, if you give them your bank account number, they will send the dividend by EFT
VVS..Does this apply to investors not based in Kenya??
EFT of dividend to a foreign bank account s
almost an impossible task because as you know dividend i ksh denominated.
Your best best as a non resident is to set up a local bank account mainly for dividend payment in Kenya. Besides there is a procedure to link your bank account to CDSC. There is a standard form to collect from your broker that will be endorsed by both your stock broker and your local bank and submited through your broker to CDSC.
I am a non resident foreign investor and this was exactly what I did a few years back.
Hope this helps ?[/quote]
itsNOT "almost an impossible task' its actually IMPOSSIBLE because when registering your bank using the cdsc online system there's no option for foreign banks just local ones !