BMSC and BMDC as Central Counterparty (CCP)
Prudent Participantship Standard and Requirements
BMSC and BMDC impose stringent financial and operational standards on their clearing participants. Clearing participants are required to demonstrate ongoing compliance to all applicable requirements on capital adequacy, risk management and reporting. An information sharing arrangement is in place between the Risk & Compliance and Regulation division if any breach or irregularity is detected for possible further action. This mechanism ensure that only financially sound institutions are granted participantship and allows Bursa Malaysia to detect any risk issue at early stage.