- Eligible Counterparties
- Participants in MAS’ real time gross settlement system ("MEPS+") that have entered into a PSA-ISMA Global Master Repurchase Agreement with MAS.
- Transaction Type
- Repurchase transaction.
- Prevailing market rate, which is currently at 0%.
- Where the rate is otherwise determined by MAS, such rate will be broadcast in MEPS+ or on the MAS website.
- Eligible Collateral
- SGS and MAS Bills available in the SGS-Trade Account.
- Initial Haircuts
Time to maturity Haircut (%)
- Operating Window
- 9am to 5pm.
- Usage of the facility has been automated within MEPS+ and may be triggered by eligible counterparties with sufficient eligible collateral.
- Liquidity reversal will take place automatically at 5.30 pm.