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BACKGROUND
3)Fair Valuation
- Daily MTM prices/yields
6)Bond Information
- Primary Market Data
- Secondary Market Data
•Bond Index
The Solution
Current method
Quotes from brokers or banks, a few via internally
generated models – bias?
As per SC Guidelines on the Registration of Bond Pricing Agencies dated 25 January 2006 - strict
requirements to qualify covering:
Bondweb Malaysia has met and exceeded these requirements, and was appointed as the first
registered Bond Pricing Agency on 18th April 2006
The Securities Commission issued Guidance Note 15 dated 15 December 2006 pursuant to the Guidelines
on Unit Trusts Funds, which outlined the policy for Unit Trusts on use of BPA prices:
“Funds investing in Ringgit-denominated bonds shall value bond portfolios on daily basis using fair
value prices quoted by a Bond Pricing Agency (BPA) registered with the SC. “
• BWM is already supporting the implementation of the Basel II, IAS 39 and Risk Based Capital
requirement for banks and insurance companies
• Therefore, BWM is fully compliant to meet the needs of Unit Trust Management Companies,
Asset Managers and Financial Institutions with regard to the provision of Fair Value Bond Prices
To indicate the fair price for the proposed bond issue based on the current
interest rate and economic environment
BWM will also follow up with a final Reference Pricing Update. This will allow you to have access to the latest
market pricing data prior to issue. BWM will generate this on your notification.
For the duration of the RPS service till issuance of the notes, BWM would provide a complimentary User ID to
access BWM’s bond database via the BondStream software or website.
This will allow you to have one-stop, real-time access to yield levels and secondary market information at any
given time.
Hybrid Structures:
Fixed Regular Amortizing Bond
Irregular Amortizing Bond
Callable Amortizing Bond
Callable Multi Step Amortizing
Multi Step Amortizing Bond
Multi Step Bond
3 b.p of issue size (Min. fee RM 30k)
Callable Multi Step
Floating Rate Note
Flipper / (Fixed , Float Structure)
Callable/Put table Bond
Convertible Bond
Callable Convertible
Multi- Step Callable Convertible
Others :
Upon negotiation
Eg. Multi rating, Multi tranche, etc
RPS service is only applicable to bonds which are rated and have maturities of more than 1 year at issuance
The above are our list rates. Final pricing will be subject to discussion between the parties
All non-public documents provided by Issuer shall be kept private and confidential between the 2
parties.
19-5 , The Boulevard, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur, Malaysia
Tel: +603 2711 5122 Fax: +603 2284 1807 Email : enquiries@bondweb.com.my