OVERNIGHT
POLICY RATE
3.00%
as at 05 Sep 2024
MGS 10 YEAR
YIELD
3.72%
as at 03 Oct 2024
MYOR
3.00%
as at 03 Oct 2024
KL USD/MYR
REF RATE
4.2111
as at 03 Oct 2024
Daily FX
Turnover
USD 16.19B
as at 03 Oct 2024
Standing Facilities

In the event of residual surpluses or shortages, the Bank makes available the overnight standing facility, which is conducted on a bilateral basis with both conventional and Islamic interbank participants. Request for access to the standing facilities using ringgit denominated securities must be made by the interbank institutions by contacting the Bank before 5:30 p.m. Market participants would access this facility when there are unforeseen technical factors that result in surpluses or shortages late in the day and cannot be covered via the normal money market transactions. Nevertheless, to ensure active trading between market participants beforehand and use of such facilities only as a final option, the interest paid on overnight deposits is set at 25 basis points below the OPR (floor rate) while interest charged on overnight lending is at 25 basis points above the OPR (ceiling rate).


In a liquidity shortage scenario, all lending operations are conducted in the form of repo or sell-buyback/collateralised murabahah (for Islamic banks). Securities that are eligible for reverse repo or sell-buyback/collateralised murabahah transactions for lending operations under standing facilities during normal market conditions are liquid sovereign related securities, e.g. securities issued or explicitly guaranteed by the Malaysian Government / Bank Negara Malaysia, securities issued by multilateral development banks / multilateral financial institutions, and AAA rated domestic securities of financial institutions and corporations. In May 2012, the eligible collaterals were expanded to include non-ringgit securities and foreign currencies of countries which the Bank has signed Cross Border Collateral Arrangement with other central banks. (refer to "Guidelines on Standing Facilities" for the complete list). For further information, refer to the link Standing Facilities