Market Specifications – Investment Funds – Malaysia

10.09.2020

CBL customer settlement instruction

When instructing a subscription transaction, where there is no change in beneficial ownership, customers must specify in the Narrative field of their instructions using the following format:

 <Subscription><Amount><Fund name>

Similarly, when instructing a redemption transaction, where there is no change in beneficial ownership, customers must specify in the Narrative field of their instructions using the following format:

<NCBO><Redemption><Amount><Fund name>

This information will then be verified with the counterparty.

Disclaimer 

The information contained in the Market-specific Specifications is based on the market practice that CBL was made aware of from different sources. This is not intended to be a comprehensive guide of all local market practices, and CBL disclaims any responsibility as to the accuracy and completeness of the information. Where there is discrepancy between the information provided by CBL and the local laws and regulations, the latter shall prevail. The Market-specific Specifications do not constitute legal advice and customers should seek advice from independent professional counsel.

Customers are responsible for ensuring compliance with the Market Specifications (where applicable) and agree to indemnify and hold harmless CBL for any loss, expense, liability, damage or claims, whether direct or indirect, against or incurred by CBL arising out of or resulting from such non-compliance.