RENTAS definition

RENTAS means Real Time Electronic Transfer of Funds and Securities System operated and managed on behalf of Bank Negara Malaysia.

RENTAS means the Real-time Electronic Transfer of Funds and Securities System. "Ringgit Malaysia" or "RM" means the lawful currency from time to time of Malaysia. "Settlement" has the same meaning as defined in the MyClear Rules.

RENTAS means Real-Time Electronic Transfer of Funds and Securities System (RENTAS) that provides multi-currency real time gross settlement of interbank funds transfer integrated with PayNet.

Examples of RENTAS in a sentence

• The RENTAS Rules shall prevail to the extent of any inconsistency between the RENTAS Rules and the IPBM Code.

• The Customer acknowledges that all applications for outward remittances such as RENTAS, MEPS Interbank GIRO, demands drafts, cashier’s orders are subject to the Bank’s daily cut-off times and all charges will to be debited to the relevant Customer’s Account.

• Payment of the deposit must be made via FPX (Financial Process Exchange) which is an online payment gateway that facilitates local interbank transfer of funds or via RENTAS.

• Upon payment via RENTAS, the Purchaser shall immediately forward the RENTAS Credit Payment Advice with the details above to the Assignee or to the Solicitors for the Assignee.

• Deduction from EL base:- Banking institutions are allowed to deduct from the EL base holdings of RM marketable securities (defined in Appendix 3) in their trading book; and- Principal Dealers (PD) and Islamic Principal Dealers (i-PD) are allowed to deduct from their EL base the daily holding of specified RENTAS securities in their trading and banking books.

More Definitions of RENTAS

RENTAS means Real Time Electronic Transfer of Funds and Securities, a real time gross settlement system for the transfer and settlement of high value ringgit denominated interbank funds and scripless securities transactions prescribed by Bank Negara Malaysia for use by financial institutions governed by Bank Negara Malaysia.

RENTAS means the Real Time Electronic Transfer of Funds and Securities System operated by Bank Negara Malaysia.

RENTAS means Real Time Electronic Transfer of Funds and Securities System, which is a scripless book-entry securities trading and funds transfer system maintained by BNM and as varied, upgraded or substituted from time to time by BNM;

RENTAS means Real Time Electronic Transfer of Funds and Securities

RENTAS means Real-Time Electronic Transfer of Funds and SecuritiesSystem (RENTAS) provides multi currency real time gross settlement of interbank funds transfer integrated with PayNet. “Reversal” means a transaction that:a) is initiated by a Biller to cancel an Erroneous Payment Instruction;b) may involve the making of a debit or credit adjustment to the account of the Payer to which the Erroneous Payment Instruction relates; andc) may involve an adjustment to the bank account(s) of the Biller named in the Erroneous Payment Instruction, if funds from the Erroneous Payment Instruction has been applied to the bank account(s). “RRN” means Recipient Reference Number. “Scheme” a service offered by PayNet which facilitates industry wide ubiquitous Bill payments through the use of standard Biller Codes and RRN (Recipient Reference Numbers). “Scheme Operator” or “SO” The owner and the operator of the JomPAY Scheme. “Service” shall refer to the relevant HLB Business Internet Banking service as the context may require. “Security Device” means the Physical Token or eToken. “Security Codes” means the security credentials used to identify the Customer when the Customer accesses and utilises HLB Business Internet Banking, which includes the Admin ID, Company ID, User ID, Passwords, codes generated by the Security Device or such other devices approved by HLBB/HLISB and any other security codes that HLBB/HLISB may issue/implement from time to time with prior notice to the Customer. “System Administrator(s)” means the Authorised Person(s) who is authorised by the Customer to act on behalf of the Customer as the system administrator to perform system and User maintenance within HLB Business Internet Banking. “System Authoriser(s)” means the Authorised Person(s) who is authorised by the Customer to act on behalf of the Customer as the system authoriser to approve the system and User maintenance within HLB Business Internet Banking.

RENTAS means the scriptless book-entries securities trading and funds

RENTAS means the scripless book-entry securities settlement and funds transfer system known as Real Time Electronic Transfer of Funds and Securities operated and managed by MyClear on behalf of BNM as varied, upgraded or substituted from time to time;