Bursa Malaysia Berhad – 100%
Brief History
Bursa Malaysia Securities Clearing Sdn Bhd (Bursa Clearing (S)) was incorporated in Malaysia under the Companies Act on Nov. 12, 1983 as a PLC under the name of Securities Clearing Automated Network Services Sdn Bhd (SCANS), which was subsequently changed to its present name on May 14, 2004. Bursa Clearing (S)commenced its business on January 9, 1984.
Types and number of Participants
- Trading Clearing Participants : 34 as at 22/2/07
-
Non–Trading Clearing Participants : 9 as at 22/2/07
Regulatory Environment
Securities Commission
Stock Exchanges
- Bursa Malaysia Securities Berhad
Other CSDs or clearing
organization in your country
Bursa Malaysia Depository Sdn Bhd
Bursa Malaysia Derivatives Clearing Berhad
Services Provided
- Provide, operate and maintain a clearing house for the exchange @ clears and settles equities transactions executed on our Securities Exchange.
Eligible Securities
- Share Capital -
-
a) Ordinary Shares
-
b) Preference Shares
-
Fixed Income Securities -
-
a) Debenture / Debenture Stocks
-
b) Loan Stock
-
Others -
-
a) Warrants / Transferable Subscription Rights (TSRs)
-
b) Call warrants
-
c) Property Trust
-
d) Closed – end Funds
Corporate Action services
Provided? Yes/No (If yes, what kinds of services provided?)
No.
Value
of Securities in Custody (US$):Not applicable
Amount
of Cash Settled per annum (US$):RM280billion @ USD80billion
Percentage of Securities
Immobilized/ Dematerialized:Not applicable
Market Capitalization/
Trading volume per annum (US$):RM920m @ USD260m
Total Revenue/ Expense
and Net income Per annum (US$):RM120m @ USD34m / RM110m @ USD31m
Memorandum of Understanding/
Business Agreement (Date)
Cross-Broader Transaction
(Counterpart)
Not applicable
Withholding Tax Treatment
of Cross-Border Trading Transactions (Details)
Not applicable
DVP Implementation (Yes/No)
Yes. Bursa Clearing (S) operates on a Delivery Versus Payment (DVP) mechanism based on Bank of International Settlement Model 2, whereby, securities transfer instructions are on a gross basis with final transfer of securities from the seller to the buyer occurring throughout the processing cycle, but the funds are settled on a net basis from the buyer to the seller occurring at the end of the processing cycle. The Settlement system operates on an ‘assured payment’ environment for on-market transactions where securities delivered are assured of payment by Bursa Clearing (S).
Settlement Period
T + 3
Contact Information
Contact Person: Mr Suresh Maniam
Tel: 603 – 2034 7741
Email: sureshmaniammookiah@bursamalaysia.com
Fax: 603 – 2026 3584
Remarks
