Download Operational Procedures for Malaysian Ringgit Settlement

OPERATIONAL PROCEDURES FOR
MALAYSIAN RINGGIT (MYR) SETTLEMENT IN THE
REAL TIME ELECTRONIC TRANSFER OF FUNDS AND
SECURITIES SYSTEM (RENTAS)
Version: 2.1
Version
No.
Date of
Update
Summary of Change
Document Ref. No.
500-80/1/0000141
Updated By
Clause 11.0
 Added the word “MYR” into Intraday credit
facility.
Clause 15.0
 New process for the “Request for Extension of
PvP Settlement Cut-off Time”
Clause 16.0
 Replaced “Request for Extension of Cut-off
Time” with “Request for Extension of MYR
Settlement Cut-off Time”
 Amendment to the duration of the requirement
to send the form via fax to MyClear for the
request of extension. Amendment from “within
five (5) minutes to within thirty (30) minutes”.
Clause 19.0
 Amendment to the last resort mechanism to
address situations where intraday credit cannot
be redeemed at MYR Settlement Cut-off time.
Clause 29.0, Clause 30.0 and Clause 31.0
 Improved to provide clarity on how abnormal
situations, such as RENTAS CHS, e-PKI and
network connectivity failure, would be managed.
Guideline 1
 Added the word “MYR” into the Guidelines on
Third Party Payments.
Appendix I, MyClear Payment Services
 Updated list of MyClear officers and their
contact information.
Appendix II
 Replaced Appendix II of Schedule of Fees and
Charges from the Operating Procedures for
MYR Settlement with new form to be used for
the Request for Extension of RENTAS PvP
Settlement Cut-off Time.
 Schedule of Fees and Charges is now
centralized in the Participation and Operation
Rules for Payment and Securities Services.
Appendix II (b)
 Form for Request for Extension of RENTAS
© Malaysian Electronic Clearing
Corporation Sdn Bhd. 2015
Page: 4 of 101
Confidential
This document is prepared by Malaysian Electronic Clearing Corporation Sdn Bhd. All rights reserved. Under no circumstances
can this document be reproduced (in whole or part), reformatted or altered in any way for either internal or external purposes.