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1.1 The Operational Procedures provides information and procedures that are applicable to Participants using the Real Time Electronic Transfer of Funds and Securities (RENTAS) for MYR Settlement for interbank fund transfers, clearing houses transactions and securities trades and corporate actions.
Crediting time. Subject to the crediting bank. 1 For manufacturing sector, sales turnover not exceeding RM50 mil or full-time employees not exceeding 200 workers; for services and other sectors, sales turnover not exceeding RM20 mil or full-time employees not exceeding 75 workers.
Is there a cut-off time for payment processing? Yes. The cut-off time will depend on the type/mode of transactions. Transaction. Start Time. End Time. In House Transfer. 12:10am. 11:55pm.
1.1 The Operational Procedures provides information and procedures that are applicable to Participants using the Real Time Electronic Transfer of Funds and Securities (RENTAS) for MYR Settlement for interbank fund transfers, clearing houses’ transactions and securities trades and corporate actions.
Over-the-counter: 2.30pm. If transfer is to a beneficiary bank that is part of the HSBC Group. 2 banking days (transaction date + 1 banking day) from the date of application. If transfer is to a beneficiary bank that is not part of the HSBC Group.
The RENTAS System transfers and settles high-value, Malaysian Ringgit-denominated interbank funds and scripless securities transactions in real time. Is RENTAS The Same As Instant Transfer? Yes, quite similar.
Kindly take note of the cut-off time as detailed below: * Same day value - your account will be debited on the same day if the transaction is authorised and sent to the bank before the cut-off time. ** Interbank Fund Transfer/Outward Telegraphic Transfer transactions will be remitted on Kuala Lumpur business days.
The direct link between RENTAS in Malaysia for the settlement of ringgit and the USD CHATS system in Hong Kong for the settlement of US dollar, enable the simultaneous settlement of ringgit in Malaysia and US dollar in Hong Kong during Malaysian business hours, thus eliminating foreign exchange (FX) settlement risk for ringgit and US dollar F...
Rentas is only available on working days. The minimum transaction for RENTAS is RM10,000. The beneficiary will get the fund on same day if the Authorizer approves the transaction before 3pm for RENTAS. If the Authorizer approves after the cut off time, the transaction will be process on the next working day.
eRAF. (PROD Version 3.2) [ Last update : 07 Dec 2022 ] E-Remittance (RENTAS) Customer User Guide. ent Asked Questi. 1) What is eRAF? eRAF (Electronic Remittance Application Form) is a softcopy form to replace the hard copy Remittance Application Form for customer to fill up. 2) What are the benefits of eRAF? To customer.
