Beruflich Dokumente
Kultur Dokumente
Transfer Pricing
Malaysia
3
Operational Debt Management
5
Governing Law / Legal Framework
1. Federal Constitution
6
2. Laws Related to Borrowing
9
Government Guarantee
11
Domestic Market
12
Domestic Debt Instruments
13
Domestic Debt Instruments
Malaysian Government
Government Investment Issue
• Securities
main (MGS)
source of the Federal
Government’s domestic borrowing
• (GII)
issued for the purpose of
encouraging investments in the
• was used to finance the development Islamic Financial Market
expenditure from the 1970’s and 1980’s
• was used to finance part of the budget • BNM undertakes to arrange the
deficit and the prepayment of external sale of the bond on behalf of
loans in the 1990’s
the Federal Government
• is used to create a benchmark yield
curve for the market • enables Syariah-compliant
• issued to meet the investment needs of financial institutions to invest
the Employees Provident Fund (EPF), their liquid funds
Insurance Companies and local Banks
• is a viable form of financial
instrument due to being risk-
free as it is issued by the
Government
14
External Borrowing Instruments
World Bank
Asian Development Bank
• Multilateral Islamic Development Bank
-
15
Multilateral and Bilateral