Meanwhile, the settlement of the primary and secondary market transactions in government securities and unlisted corporate debt securities take place through the Scripless Securities Trading System (SSTS), which is part of the Real Time Electronic Transfer of Funds and Securities (RENTAS) system. Real Time Electronic Transfer of Funds and Securities (RENTAS), which was established in 1999 by Bank Negara Malaysia, comprised the Interbank Funds Transfer System (IFTS), which deals with large-value funds transfers, and the SSTS, which allows the book-entry settlement and recordkeeping of holdings of scripless debt securities. A sale/purchase of securities from one party to another involves a book entry and intra-day settlement of funds in the cash settlement account maintained with Bank Negara Malaysia. The Real Time Electronic Transfer of Funds and Securities (RENTAS) system, which has straight-through-processing (STP) capability would process, transfer and settle interbank funds and scripless transactions simultaneously in real-time. The Real Time Electronic Transfer of Funds and Securities (RENTAS) system is a delivery versus payment (DvP) Model 1 system, i.e. securities and funds settle gross throughout the day.