|Eligible Counterparties||Banks and finance companies in Singapore, subject to the Terms and Conditions of the Facility|
|Transaction Type||Collateralised borrowing or Repurchase transaction|
Category A: SGD-denominated securities
Category B: Certain foreign currencies cash and foreign-currency denominated securities
Category C: Residential property loans and their related mortgages (Residential Mortgages)
Residential Mortgages may only be pledged by banks incorporated in Singapore and, have been designated by MAS as a domestic systemically important bank. Eligible banks that are interested to pledge Residential Mortgages should reach out early to MAS at .
Eligible Counterparties may opt for either bilateral settlement of collateral, or triparty settlement of collateral via a Triparty Collateral Management Service facilitated by MAS’ Appointed Triparty Agent, Clearstream Banking S.A.
Most recent MAS bills auction cut-off yield of the corresponding tenor, plus a spread of 50 bps for borrowing against Category A and Category B collateral.
|Haircuts||Collateral haircuts will be sent to banks and finance companies via a MASNET circular.|
|Minimum Requested SGD Principal Amount||$10 million|
Every Wednesday, from 2.30pm to 3.30pm.
If Wednesday is not a Business Day, the operating window will be from 2.30pm to 3.30pm on the following Business Day.
|Cash Settlement||Settlement timings vary based on collateral type. Please refer to the Terms and Conditions for more details.|
Official dealing line: +65 6229 9150
|Terms and Conditions||
For information on pledging of Residential Mortgages, please contact MAS.