MAS floats new SGD facility for banks

Uploaded By:  Alyssa Divina Submitted By:  Staff Reporter Case Study:  No Collaterals including cash and marketable securities will be accepted. The Monetary Authority of Singapore (MAS) will upgrade the banking system’s access to SGD and USD funding in order to boost sector resilience, according to an announcement. The regulator will introduce a new SGD term facility to provide banks and financial institutions an additional channel to borrow SGD funds in one-month and three-month tenors. It will be launched in the week of 28 September. read more