Regulatory Alerts2000-05-09
Added
MAS Notice 806: Minimum Cash Balances and Minimum Liquid Assets
The Monetary Authority of Singapore issued Circular FSG 16/2000 to modify MAS Notice 806 regarding minimum cash balances and liquid assets for finance companies. The Authority now allows Singapore Government securities held under reverse repurchase agreements to qualify as liquid assets regardless of tenure or counterparty, subject to a 5% liabilities base cap. Additionally, funds purchased through repos in Singapore Government securities are exempted from minimum cash balance and minimum liquid asset requirements.
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