BNM reissues RENTAS foreign-currency settlement procedures, effective 1 September 2026
Bank Negara Malaysia has published the latest consolidated operational procedures for foreign-currency settlement in RENTAS, the country's real-time gross settlement system. The document sets out membership types, access channels, business hours, cut-off times, settlement finality and queue management for participants settling in supported foreign currencies. The live change in this version is cosmetic, but the consolidated text is now the operative reference for operations teams.
- Version 1.8 takes effect 1 September 2026 and its sole substantive change replaces the signatory title 'Head' with 'Director' across nine appendices and participant forms.
- Foreign-currency settlement runs 8.30am to 6.00pm, with cut-off times of 5.30pm for RMB and 6.00pm for USD, and all unsettled queued instructions cancelled at cut-off.
- Participants using cloud-based SWIFT access (SAL2 or SAC) must submit an annual declaration to BNM by 31 January covering CSCF attestation and RMiT cloud compliance.
- Paying participants must transmit payment instructions to RENTAS Host within 30 minutes of a customer instruction, except transactions failing regulatory, sanction or AML screening.
- Participants requesting a cut-off extension acknowledge BNM may publicly disclose all information pertaining to the request.