Payments and Receipts (P&R) between Residents and Non-Residents
All payments and receipts between residents and non-residents effected through the domestic banking system are submitted by the banking institutions to Bank Negara Malaysia (the Bank). P&R with single transaction value of above RM200,000 are submitted individually to the Bank, while transactions of RM200,000 and below are consolidated and submitted as bulk payment and bulk receipt.
The data from the P&R records are used as input for the compilation of Malaysia's Balance of Payments (BOP). The Bank is empowered to collect information from any individual or company for BOP purposes under Section 78 of the Central Bank of Malaysia Act 2009 (CBA). The CBA provides assurance that the information provided by any individual or company shall be kept strictly confidential by the Bank.