Cagamas Berhad (“Cagamas”) - Malaysia

1	Founding Instrument(s) (with links if possible)	Cagamas is a public company incorporated under the Companies Act . It was established in 1986 to promote home ownership and contribute towards national development. https://www.cagamas.com.my https://financialmarkets.bnm.gov.my/cagamas
2	Any additional or subsequent mandate or governance statements (not included in the above).	Cagamas provides liquidity to the financial sector as a secondary mortgage corporation. It contributes towards the growth of the capital markets, Islamic finance and other priority sectors through the issuance of innovative instruments
3	Ownership	20% owned by Bank Negara Malaysia (Central Bank of Malaysia), the rest by commercial and investment banks. https://www.cagamas.com.my/about/shareholders
4	Legal status	A public company incorporated in Malaysia under the Companies Act.
5	Government accounting for stake	Bank Negara Malaysia’s 20% equity interest in Cagamas is recorded as a financial investment carried at cost in its accounts. The shareholding does not confer control, joint control, or significant influence over Cagamas and, accordingly, is neither consolidated nor equity‑accounted.
6	Member bank accounting for stake	Private sector shareholders account for their investments in Cagamas as equity instruments under IFRS 9, measured in line with their respective accounting policies, either at fair value through profit or loss or, where designated, through other comprehensive income. From a prudential perspective, the regulatory treatment is applied at the shareholder bank level in accordance with the prevailing capital adequacy framework: For banks holding more than 10% of Cagamas’ equity, the investment is treated as a significant investment in the capital of a financial institution, with the relevant CET1 deduction or threshold treatment applied. For banks with smaller shareholdings, the investment is subject to the applicable risk weighting for equity exposures under the regulatory rules.
7	Government guarantee	N/A
8	Other Comments	Cagamas’ corporate bonds and sukuk are assigned the ratings of AAA/Stable/P1 by RAM Rating Services Berhad and AAA/MARC-1, AAAIS/MARC-1IS by Malaysian Rating Corporation Berhad, and A3 by Moody’s Investors Service. Capital Management Solutions (CMS): Cagamas provides Tier-2 capital support to FIs and development FIs by providing long-term unsecured funding through the purchase of subordinated debt issuances by FIs.   Cagamas’ sister company, Cagamas SRP Berhad (CSRP) provides guarantees under the MGT programme.