Operational Procedures For Foreign Currency Settlement In The Real Time Electronic Transfer Of Funds And Securities System (RENTAS)

The Operational Procedures provides information and procedures that are applicable to Participants using the Real Time Electronic Transfer of Funds and Securities (RENTAS) for Foreign Currency Settlement for interbank fund transfers, clearing houses’ transactions and securities trades and corporate actions.

These Operational Procedures shall be read in conjunction with the following documents:
i. Participation Rules for Payment and Securities Services;
ii. Operational Procedures for MYR Settlement in RENTAS;
iii. Operational Procedures for Securities Services;
iv. Guidelines on Business Continuity Management for Participants of RENTAS and FAST; and
v. Other relevant guidelines, notices, circulars issued by Bank Negara Malaysia (BNM) from time to time.

These Operational Procedures are intended to equip Participants with an operating knowledge of Foreign Currency Settlement in RENTAS and serve as a basis for Participants to develop comprehensive internal procedures.

These Operational Procedures are issued pursuant to the requirements under–
i. Section 35 of the Financial Services Act 2013 (FSA); and
ii. Section 45 of the Islamic Financial Services Act 2013 (IFSA).

These Operational Procedures come into effect on 1 November 2024.

This document belongs to Bank Negara Malaysia (BNM). Full access to the original source is available here: https://www.bnm.gov.my/banking-islamic-banking