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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
Malaysia
P.O. Box 10233
50708 Kuala Lumpur
Malaysia
www.ambank.com.my


Hong Leong Bank Berhad
Wisma Hong Leong,
No. 18, Jalan Perak
50450 Kuala Lumpur
+603-21642828
www.hlb.com.my

 
United Overseas Bank (Malaysia) Berhad
Menara UOB,
Jalan Raja Laut
50350 Kuala Lumpur
+603-26128121
www.uob.com.my

 

 


HSBC Bank Malaysia Berhad
No. 2, Jalan Ampang,
51000 Kuala Lumpur
603-20700744
www.hsbc.com.my


CIMB Bank Berhad
Treasury 6th Floor,
Bangunan CIMB, Jalan Semantan,
Damansara Heights
50490 Kuala Lumpur
+603-20848688
www.cimb.com


Malayan Banking Berhad
Menara Maybank,
No. 100, Jalan Tun Perak
50050 Kuala Lumpur
+603-20708833
www.maybank2u.com.my

 

 

 


OCBC Bank ( Malaysia ) Berhad
Menara OCBC,
10th Floor, Treasury Division,
18 Jalan Tun Perak
50050 Kuala Lumpur
+603-20345034
www.ocbc.com.my


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

 
Standard Chartered Bank Malaysia Berhad Menara Standard Chartered,
No. 30, Jalan Sultan Ismail
50250 Kuala Lumpur
+603-21177777
www.standardchartered.com.my

 

 

 

   
Citibank Berhad
Menara Citibank,
No. 165, Jalan Ampang
50450 Kuala Lumpur
+603-23838585
www.citibank.com.my

  
RHB Bank Berhad
RHB Centre,
No. 426, Jalan Tun Razak
50400 Kuala Lumpur
+603-92072626
www.rhbbank.com.my

 
J.P. Morgan Chase Bank Berhad
Menara Dion, Level 26, 
Jalan Sultan Ismail 
50250 Kuala Lumpur
+603-22704335
www.jpmorganaccess.com.my

 

 

 

Islamic Principal Dealers

 

 

 


Affin Islamic Bank Berhad
15th Floor, Menara Affin,
80, Jalan Raja Chulan
50200 Kuala Lumpur
+603-20559000
www.affinbank.com.my


AmIslamic Bank Berhad
Level 45, Menara AmBank,
No. 8, Jalan Yap Kwan Seng
50400 Kuala Lumpur
+603-21673000
www.amislamicbank.com.my


Bank Islam Malaysia Berhad
Level 14, Darul Takaful,
Jalan Sultan Ismail
50250 Kuala Lumpur
+603-26900900
www.bankislam.com.my

 

 

 


CIMB Islamic Bank Berhad
Menara Bumiputra Commerce,
Level 3
Jalan Raja Laut
50350 Kuala Lumpur
+603-21455959
www.cimbislamic.com


Hong Leong Islamic Bank Berhad
Level 3A, Wisma Hong Leong,
18, Jalan Perak
50450 Kuala Lumpur
+603-76268899
www.hlisb.com.my


Maybank Islamic Berhad
Global Markets, Menara Maybank,
4th Floor, Islamic Treasury
100, Jalan Tun Perak
50050 Kuala Lumpur
1-300-88-6688
www.maybank2u.com.my/maybankislamic

Last Updated : 29/01/2013 14:53 PM