MLY CB Securities Services Procedures


On Aug. 27, MLY CB issued securities services operational procedures.


  • MLY CB issued operational procedures for securities services, dated Jun. 14, 2021.
  • Overview
  • Two systems are involved in debt Securities processing, namely FAST and RENTAS.
  • In addition, eSSDS, which is a part of RENTAS, is used for the computation of corporate actions involving Debt Securities and issuance of retail bonds.
  • These operational procedures apply to all RENTAS debt securities approved by securities commission of Malaysia, debt securities issued by Malaysian government.
  • And apply to other approved Debt Securities or money market instruments which are denominated in ringgit Malaysia (RM) or any other foreign currency.
  • Securities deposited with MLY CB under the cross-border securities custody services (CSCS) are excluded from the scope of these operational procedures.
  • Purpose
  • These procedures are intended to equip participants with an effective operating knowledge of the entire process from origination until final maturity of debt securities.
  • Cover new issuances, allotment, reopening, coupon/interest/dividend/profit payment, redemption and settlement of debt securities via FAST, eSSDS and RENTAS.
  • Effectiveness
  • The operating procedures came into effect on Jul. 1, 2021.
  • Jan. 4, 2022 Version 1.1
  • On Jan. 4, 2022, MLY CB issued v1.1 of Operational procedures for securities services.
  • Revised the definition for RENTAS and FAST Development fund in glossary item 64.
  • Aug. 2022 Version 1.2
  • On Aug. 1, 2022, MLY CB issued v1.2 of Operational procedures for securities services.
  • Guideline IV supplementary guideline on co-existence of RENTAS ISO20022, ISO15022 added to furnish MX message information for clauses with MT message information.
  • Jun. 2024 Version 1.3
  • On Jun. 25, 2024, MLY CB issued Operational procedures for securities services v1.3.
  • Removed internet as an option to access FAST, added SWIFT; added requirement for subscription of secured private communication network for participants to access FAST.
  • Added new clause to provide base for activation of contingency terminals in MLY CB's designated premise, incorporated clauses in Guideline IV into this document.
  • Version 1.3 of the operational procedures is effective from Jul. 1, 2024.
  • Document dated Jun. 25, 2024, received from MLY CB Jun. 28, summarized on Jul. 3.
  • Oct. 2024 Version 1.4
  • On Oct. 21, 2024, MLY CB issued Operational procedures for securities services v1.4.
  • Revised the submission of yield-to-maturity (YTM) for corporate bonds and sukuk (CBS) to daily basis in clauses 5.7.2, 5.7.4, which will be effective from Jan. 1, 2025.
  • Updated the definition for expected holiday, unexpected holiday, and business day.
  • Added FAST contingency terminal fee for activation of terminal by participants in BNM designated premise; operation procedures v1.4 will be effective from Nov. 1, 2024.

Regulators MLY CB
Entity Types B/D; Bank; Corp; Depo; Inv Co
Reference Gd BNM/RH/PD 028-49, 10/21/2024; Gd BNM/RH/PD 028-49, 6/25/2024; Gd BNM/RH/PD 028-49, 8/1/2022; Gd 1/4/2021; Gd BNM/RH/PD 028-49, 8/27/2021
Functions Financial; Operations; Risk; Settlement; Trading
Countries Malaysia
Category
State
Products Banking; Clearing; Corporate; Deposits; Fixed Income; Fund Mgt; Securities
Regions AP
Rule Type Final
Rule Date 8/27/2021
Effective Date 11/1/2024
Rule Id 114375
Linked to N/A
Reg. Last Update 10/21/2024
Report Section International

Last substantive update on 10/24/2024