Bursa Malaysia Introduces Asean Post Trade Services

KUALA LUMPUR, Aug 26 (Bernama) -- Bursa Malaysia Bhd (Kuala Lumpur Stock Exchange) has introduced the Asean Post Trade services to participating organisations (POs) for outbound (non-Bursa Malaysia Securities') trades executed in participating Asean stock exchanges. The services, available on subscription basis, will facilitate the clearing and settlement of outbound trades executed on the respective participating stock exchanges, including safekeeping of the securities traded on participating exchanges of the Asean Trading Link. "Through this new platform, POs will receive consolidated positions of their foreign shareholdings with participating Asean Exchanges in addition to real time access to these foreign securities via the custody system provided by Bursa Malaysia. "This will result in shorter lead time in receiving cross border announcements on corporate actions and entitlements, for example, cash dividends," Chief Executive Officer Tajuddin Atan said in a statement Tuesday. More details on the Asean Post Trade services can be obtained at www.bursamalaysia.com. --BERNAMA