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Instruments traded on the Malaysian bond market
comprise conventional and Islamic papers which includes the following:
Government Securities
Malaysian Treasury Bills (MTB) and Malaysian Government Securities (MGS) are
short term and long term papers issued on conventional basis by the
Malaysian Government to manage the economy. Government Investment Issues (GII)
are intended for similar purposes but are issued based on Islamic
principles. MGS Floating Securities are issued based on spread basis.
Bank Negara Papers
Bank Negara Bills (BNB) and Bank Negara Notes (BNN) are issued by the
Central Bank for its market operations.
Cagamas Papers
Cagamas Berhad is the National Mortgage Corporation whose business is to
promote the secondary mortgage market in Malaysia. Cagamas funds its
business operation by issuing Notes, Bonds & Sanadat. Sanadat is an Islamic
bond.
Private Debt Securities (PDS)
Private debt securities comprise short and long term debt securities issued
by private corporations on conventional or Islamic basis.
Asset Backed Securities (ABS)
ABS are securities backed by assets such as mortgages, loans, receivables,
etc and are issued by private or quasi Government corporations. ABS is also
issued on an Islamic basis in Malaysia.
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