Home / Sports / MALAYSIA: FMC, CENTRAL BANK ANNOUNCE OPERATIONALISATION OF SEGREGATED SECURITIES ACCOUNTS

MALAYSIA: FMC, CENTRAL BANK ANNOUNCE OPERATIONALISATION OF SEGREGATED SECURITIES ACCOUNTS

KUALA LUMPUR, Malaysia The Financial Markets Committee (FMC) and Bank Negara Malaysia (BNM- Malaysia’s central bank) ) have announced the operationalisation of segregated securities accounts via the Real-time Electronic Transfer of Funds and Securities System (RENTAS) for payments to further develop the Malaysian bond market.

In a statement today, the Central bank said the RENTAS segregated securities account is to be operationalised in two phases, with the first commencing on May 21, while full compliance under the second by Sept 30 is to allow for an efficient transitioning into the segregated account rules.

After Sept 30, all transactions involving RENTAS debt securities will only be facilitated through the segregated securities account.

Given the depth and breadth of the onshore bond market, there is sufficient liquidity to continue facilitating the settlement of ringgit bonds onshore, the central bank said.

Operated by Payments Network Malaysia Sdn Bhd, RENTAS was part of the strategy to enhance transparency, visibility and strengthen surveillance.

Investors will be provided with greater access to information on the Malaysian bond market, hence, facilitating more informed decision making and better risk management.

Information such as investor type and flows in the government bond market for both non-resident and resident investors will be made available in the ‘Bond Info Hub’ website on a more regular and timely basis, the Bank added.

Investors may consult with all local and global custodian banks, including International Central Securities Depositories which will be onboard the RENTAS segregated securities accounts.

For enquiries, members of the public can contact the Securities Operations Unit, BNM at 03-2698 2116 / 2094 (Monday to Friday from 9 am to 5 pm, excluding public holidays) or email sou@bnm.gov.my.

Source: NAM News Network

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Home / Sports / MALAYSIA: FMC, CENTRAL BANK ANNOUNCE OPERATIONALISATION OF SEGREGATED SECURITIES ACCOUNTS

MALAYSIA: FMC, CENTRAL BANK ANNOUNCE OPERATIONALISATION OF SEGREGATED SECURITIES ACCOUNTS

KUALA LUMPUR, Malaysia The Financial Markets Committee (FMC) and Bank Negara Malaysia (BNM- Malaysia’s central bank) ) have announced the operationalisation of segregated securities accounts via the Real-time Electronic Transfer of Funds and Securities System (RENTAS) for payments to further develop the Malaysian bond market.

In a statement today, the Central bank said the RENTAS segregated securities account is to be operationalised in two phases, with the first commencing on May 21, while full compliance under the second by Sept 30 is to allow for an efficient transitioning into the segregated account rules.

After Sept 30, all transactions involving RENTAS debt securities will only be facilitated through the segregated securities account.

Given the depth and breadth of the onshore bond market, there is sufficient liquidity to continue facilitating the settlement of ringgit bonds onshore, the central bank said.

Operated by Payments Network Malaysia Sdn Bhd, RENTAS was part of the strategy to enhance transparency, visibility and strengthen surveillance.

Investors will be provided with greater access to information on the Malaysian bond market, hence, facilitating more informed decision making and better risk management.

Information such as investor type and flows in the government bond market for both non-resident and resident investors will be made available in the ‘Bond Info Hub’ website on a more regular and timely basis, the Bank added.

Investors may consult with all local and global custodian banks, including International Central Securities Depositories which will be onboard the RENTAS segregated securities accounts.

For enquiries, members of the public can contact the Securities Operations Unit, BNM at 03-2698 2116 / 2094 (Monday to Friday from 9 am to 5 pm, excluding public holidays) or email sou@bnm.gov.my.

Source: NAM News Network

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Malaysia Kite Council, MPPG to help set up Kite Museum in Satun province

JOHOR BAHRU, The Malaysia Kite Council and the Pasir Gudang Municipal Council (MPPG) will collaborate with Satun Provincial Administration in Thailand to help set up the first Kite Museum in the country.Malaysia Kite Council chairman Datuk A Rahim Nin ...