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, 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.

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.

• 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.

• 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.

• The balance of the purchase price together with any prevailing tax (if applicable) [together with Inward RENTAS Service Charges (if any)] shall be paid in full by the Purchaser to the Assignee or to the Solicitors within ninety (90) days from the date of the auction sale by remitting the payment directly to the Assignee via RENTAS.

More Definitions of RENTAS

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.

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 BNM’s Real Time Electronic Transfer of Funds and Securities

RENTAS means Real-Time Electronic Transfer of Funds and Securities System (RENTAS) provides multi-currency real time gross settlement of

RENTAS means the scriptless book-entries securities trading and funds

RENTAS means the scripless book-entry securities trading and fundstransfer system known as Real Time Electronic Transfer of Funds and Securities System, operated and managed by PayNet on behalf of BNM;