2004-05-28

Added 2026-07-10

RMD 26/2004: MAS Notice 1105 Lending of Singapore Dollar to Non-Resident Financial Institutions

The Monetary Authority of Singapore revised MAS Notice 1105 to liberalize policies governing the lending of Singapore Dollars to non-resident financial institutions. The updated regulations exempt non-resident non-financial issuers from swapping SGD proceeds and waive temporary overdrafts on vostro accounts to facilitate efficient payments. Additionally, the authority renamed the policy to accurately reflect its focus on lending safeguards rather than the previous concept of non-internationalization.

Singapore

Monetary Authority of Singapore

Follow MAS

Show thumbnailShow full textSourceAdd to collection

Show thumbnail