Real-time Electronic Transfer of Funds and Securities System (RENTAS) provides multi-currency real-time gross settlement of interbank fund transfers, multi-currency debt securities settlement, and depository services for scripless debt securities and MYR/USD Payment versus Payment (PvP) settlement via USD CHATS (Clearing Housed Automated Transfer System) for its members.
RENTAS multi-currency enables payment instructions between the participants of the system to be processed and settled individually and continuously throughout the working day.
RENTAS mitigates settlement risk in the settlement process as it facilitates payments between participants on a real-time basis with finality. In 2011, the RENTAS system settled 3.4 million transactions amounting to RM47.2 trillion.
Today, RENTAS has expended its services to include foreign currency custodian services and securities settlements via Euroclear link. This is in line with Bank Negara Malaysia’s (Central Bank of Malaysia) efforts in promoting efficient and cost-effective post-trade settlement and processes for the Asian capital market.
RENTAS is designated as a systematically important payment system. Myclear as the operator of a systematically important payment system, endeavours to provide a safe, secure, reliable and efficient settlement and depository systems to contribute towards the stability of the Malaysian financial system.