Regulatory Alerts2011-03-30
Added · Updated
Notice 806 Minimum Cash Balances and Minimum Liquid Assets
The Monetary Authority of Singapore modifies the maintenance of minimum liquid assets for finance companies by shifting the liabilities base calculation from a daily eligible liabilities basis to a two-week average, with a corresponding fortnightly maintenance period. Finance companies must maintain minimum liquid assets of not less than 13% of this liabilities base, including at least 5% in Singapore Government Securities held in dedicated SGS-MLA accounts with the Authority. The valuation of these securities changes to fortnightly closing prices, and the first maintenance period runs from 3 June 1999 to 16 June 1999.
More like this from MAS
We email you every new MAS publication the day it's published.
Topics
Share