Malaysia: Reminder - Implementation of segregated account structure for RENTAS debt securities - update


This Announcement originally published on 7 May 2018 has been updated following the postponement of the implementation of segregated account structure for RENTAS debt securities. The changes have been highlighted.

We remind customers that further to Marketflash M18002 and Announcement A18035, effective

21 May 2018

the Malaysian central bank, Bank Negara Malaysia (BNM), requires that resident and non-resident investors of Real-Time Electronic Transfer of Funds and Securities System (RENTAS) debt securities settle these securities per ultimate beneficial owner (UBO) via segregated securities accounts. The new requirement is being introduced by BNM in order to enhance the domestic settlement infrastructure, provide greater transparency and facilitate the surveillance of the onshore financial market.

We wish to remind customers that Clearstream Banking1 will be fully compliant with BNM’s segregated securities account requirement effective 21 May 2018.

Impact on customers

Customers are requested to take note of the actions and details in Announcement A18035 in order to continue holding RENTAS debt securities via Clearstream Banking.

Further information

For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.

1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.