During the submission of the application for Transmission of Title for the deceased depositor, the Administrator or Executor may transfer securities of the deceased depositor directly to the third party’s CDS account if the instruction stated in the Notification of Death of Depositor form (Form A).
However, for the beneficiary who is named specifically in the Distribution Order (Borang E – Surat Kuasa from Bahagian Pesaka Kecil) or Direction Letter (Surat Arahan) from Amanah Raya, securities of the deceased depositor may only be transferred to the beneficiary’s own CDS account.