Asian Development BankAsianBondsOnline An ASEAN+3 Initiative
11 Oct 2008
  
 
InFocus
More Bonds Being Issued Across Borders in Asia's Local Currency Markets
Viet Nam Continues Building a Derivatives Market
Asia Bond Monitor
arrowApril 2008 issue
arrowPast Issues
Asia Economic Monitor
arrow July 2008 issue now available
ABMI Group of Experts
ARIC: Asia Regional Information Center
Asia Regional Integration Center

ASEAN+3 Markets
Market Infrastructure >> Registries, Clearing and Settlement

Registries, Clearing and Settlement

Sovereign and unlisted corporate bonds are registered, cleared, and settled through Bank Negara Malaysia's (BNM) real time gross settlement / Delivery-versus-Payment system: Real-time Electronic Transfer of Funds and Securities (RENTAS). RENTAS membership is restricted to financial institutions licensed under the Banking and Financial Institutions Act 1989. All unlisted corporate bonds are held by BNM as custodian agent and are settled by fund exchange.

All listed corporate bonds under the Bursa Malaysia Bhd (formerly Kuala Lumpur Stock Exchange) are held in book-entry form and cleared and settled through the Bursa Malaysia Securities Clearing Sdn Bhd (formerly Securities Clearing Automated Network Services Sdn Bhd - SCANS). Bursa Malaysia also offers settlement services to institutional investors through the Institutional Settlement Service of Bursa Malaysia Securities Clearing Sdn Bhd.

The Bursa Malaysia Depository Sdn Bhd (formerly Malaysian Central Depository Sdn Bhd - MCD) operates a system for the central handling of securities that facilitates securities transactions without the physical delivery of scrip.

The Bursa Malaysia Derivatives Clearing Bhd (formerly Malaysia Derivatives Clearing House Sdn Bhd - MDCH) provides clearing and settlement services for the futures market operated by the Bursa Malaysia Derivatives Bhd (formerly Malaysia Derivatives Exchange - MDEX).

Clearing and settlement of contracts executed under Bursa Malaysia's two exchanges (securities and derivatives exchanges) are based on the Fixed Delivery and Settlement System (FDSS). Settlement is on T+3. The financial settlement of securities is done on a net rather than a gross basis.

  
New@AsianBondsOnline
How To Buy Bonds
New Issues & Issue Changes
Islamic Finance
Credit Risk Watch
Graphics:
  
Benchmark Yields - 3yrs and 10yrs LCY Bonds
Benchmark Yields - 3yrs and 10yrs LCY Bonds
  
Benchmark Yield Curve - LCY Bonds
Benchmark Yield Curve - LCY Bonds
  
Option-Adjusted Spreads (OAS) on Major USD Issues
Option-Adjusted Spreads (OAS) on Major USD Issues
  
Yields on Major USD Issues
Yields on Major USD Issues
  
Exchange Rate
Exchange Rate
  
Back to Top
  
Copyright 2008 Asian Development Bank
All Rights Reserved. Reproduction in whole or
   in part without permission is prohibited.