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List of Principal Dealers

Principal Dealers

The Principal Dealer (PD) system in Malaysia was introduced in 1989 as part of initiatives to develop the primary and secondary markets of public debt securities. This includes building a stable demand for Government, Bank Negara Malaysia (BNM) and BNM Sukuk Berhad issuance and trading these papers in the secondary market to create liquidity.

The increasing importance of Islamic finance and the prominent role played by the Islamic banks in supporting this development has prompted BNM to introduce the Islamic Principal Dealer (i-PD) system in July 2009 to complement the role played by the PDs. Under the PD and i-PD system, BNM appoints selected banking institutions as both PDs and i-PDs based on a set of criteria, including their ability to handle large-volume transactions as measured by their participation in the primary auctions, secondary market trading volumes and their overall risk management capabilities.

PDs and i-PDs have the obligations of bidding for all Government and BNM papers in the primary market (i-PDs are required to bid for only Islamic Government and BNM papers), and to provide two-way price quotations for benchmark securities under all market conditions to ensure liquidity in the secondary market. PDs however, are also required to bid for the money market and repo auctions conducted by BNM from time to time.

For the obligations that PDs and i-PDs undertake, they are accorded certain privileges which, among others, include the ability to deduct the entire holdings of Government and BNM papers based on acquisition cost from the eligible liabilities (EL) base for Statutory Reserve Requirement computation, and the eligibility to participate as both borrower and lender for securities that are specified by BNM under the Securities Borrowing and Lending (SBL) Programme.

BNM undertakes half-yearly assessments on PDs and i-PDs performances in the primary and secondary markets to ensure PDs and i-PDs perform their obligations effectively.



List of Principal Dealers

AmBank Berhad
Level 23, Bangunan AmBank Group
55, Jalan Raja Chulan
50200 Kuala Lumpur
P.O. Box 10233
50708 Kuala Lumpur

Hong Leong Bank Berhad
Wisma Hong Leong,
No. 18, Jalan Perak
50450 Kuala Lumpur

United Overseas Bank (Malaysia) Berhad
Menara UOB,
Jalan Raja Laut
50350 Kuala Lumpur



HSBC Bank Malaysia Berhad
No. 2, Jalan Ampang,
51000 Kuala Lumpur

CIMB Bank Berhad
Treasury 6th Floor,
Bangunan CIMB, Jalan Semantan,
Damansara Heights
50490 Kuala Lumpur

Malayan Banking Berhad
Menara Maybank,
No. 100, Jalan Tun Perak
50050 Kuala Lumpur




OCBC Bank ( Malaysia ) Berhad
Menara OCBC,
10th Floor, Treasury Division,
18 Jalan Tun Perak
50050 Kuala Lumpur

Public Bank Berhad
Menara Public Bank,
No. 146, Jalan Ampang
50450 Kuala Lumpur
+603-21766000 / 6666

Standard Chartered Bank Malaysia Berhad Menara Standard Chartered,
No. 30, Jalan Sultan Ismail
50250 Kuala Lumpur




Citibank Berhad
Menara Citibank,
No. 165, Jalan Ampang
50450 Kuala Lumpur

RHB Bank Berhad
RHB Centre,
No. 426, Jalan Tun Razak
50400 Kuala Lumpur

J.P. Morgan Chase Bank Berhad
Menara Dion, Level 26, 
Jalan Sultan Ismail 
50250 Kuala Lumpur




Islamic Principal Dealers




Affin Islamic Bank Berhad
15th Floor, Menara Affin,
80, Jalan Raja Chulan
50200 Kuala Lumpur

AmIslamic Bank Berhad
Level 45, Menara AmBank,
No. 8, Jalan Yap Kwan Seng
50400 Kuala Lumpur

Bank Islam Malaysia Berhad
Level 14, Darul Takaful,
Jalan Sultan Ismail
50250 Kuala Lumpur




CIMB Islamic Bank Berhad
Menara Bumiputra Commerce,
Level 3
Jalan Raja Laut
50350 Kuala Lumpur

Hong Leong Islamic Bank Berhad
Level 3A, Wisma Hong Leong,
18, Jalan Perak
50450 Kuala Lumpur

Maybank Islamic Berhad
Global Markets, Menara Maybank,
4th Floor, Islamic Treasury
100, Jalan Tun Perak
50050 Kuala Lumpur

RHB Islamic Bank Berhad
Level 11, Menara Yayasan Tun Razak,
200, Jalan Bukit Bintang, 55100, 
Kuala Lumpur

Last Updated : 07/01/2015 10:55 AM