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 a custodian agent and are settled by fund exchange.
All listed corporate bonds under the Bursa Malaysia (formerly the 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 the 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 the Malaysia Derivatives Clearing House Sdn Bhd - MDCH) provides clearing and settlement services for the futures market operated by the Bursa Malaysia Derivatives Bhd (formerly the 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.















