Regulatory Alerts2024-12-18
Added · Updated
Notice 758 Minimum Cash Balance
Banks in Singapore must maintain an aggregate minimum cash balance of at least 3% of their average Singapore Dollar Qualifying Liabilities in their Current Account and Custody Cash Account during each maintenance period. A daily floor of 2% applies at the close of business, and balances exceeding 4% of average liabilities cannot be counted toward the requirement. Banks must submit qualifying liabilities and cash balance returns via the Electronic Portal by specified deadlines, with hardcopy submission permitted during portal outages or for amendments.
More like this from MAS
We email you every new MAS publication the day it's published.
Topics
Share