MAS Standing Facility Daily Rates
Facility |
Rate |
Date |
---|---|---|
Standing Facility Deposit Rate: % Standing Facility Borrowing Rate: % |
For historical SF rates, please click here
Key Details
- Eligible Counterparties
-
A Financial Institution that is a participant of MEPS+, or any other Financial Institution as may be approved by the Authority.
An Eligible Counterparty may borrow SGD funds via the SF if it has entered into a Global Master Repurchase Agreement (GMRA) with MAS.
Note: A Financial Institution intending to enter into a GMRA with MAS should contact MAS at sgddiv@mas.gov.sg . - Transaction Type
-
- Loan transactions: Repurchase transaction, foreign currency swap, or collateralised loan.
- Deposit transactions: Clean deposit.
- Tenor
- Overnight
- Rate
-
- Loan transactions: Reference rate plus 50 basis points.
- Deposit transactions: Reference rate minus 50 basis points, floored at zero.
- Eligible Collateral
-
Category A1: SGD collateral settled in MEPS+
SGS, MAS Bills, MAS FRN.
Category A2: other SGD collateral S$ debt securities (including sukuk) issued by any Singapore statutory board and AAA-rated or AA-rated public sector entity, Supranational, sovereign, sovereign-guaranteed company or non-financial company. The indicative list of issuers (110.7 KB) whose S$ debt securities may be eligible as collateral under Category A2 can be found here (110.7 KB).
Category B: Foreign currency collateral
Certain foreign currencies and foreign currency government and central bank securities under cross-border collateral arrangements ("CBCAs") that MAS has established with other central banks. These central banks include Bank Negara Malaysia, the Bank of England, Bank of Thailand, Banque de France, De Nederlandsche Bank, Deutsche Bundesbank, and the Federal Reserve Banks. Please contact the Monetary and Domestic Markets Management Department for eligibility. - Initial Haircuts
-
Category A1
Time to maturity Haircut (%) 0 - 1 year 1 > 1 - 5 years 1 > 5 - 10 years 2 > 10 years 4 Categories A2 and B
Please contact the Monetary and Domestic Markets Management Department. - Operating Window
-
Deposit
6.00 pm to 6.45 pm.Loan: Category A1
5.00 pm to 6.45 pm.Loan: Categories A2 and B
2.30 pm to 3.30 pm. - Cash Settlement
-
- Categories A1 and A2: Same day, after the settlement of collateral.
- Category B: Upon confirmation of settlement of collateral with the corresponding foreign central bank. Please refer to the Terms and Conditions for more details.
- Contact Information
-
- Official dealing line: +65 6229 9150
- Email: sgddiv@mas.gov.sg
- Terms and Conditions
-
- Main Agreement (with effect from 08 June 2023) (300 KB)
- Appendix A: Operational Procedures and Additional Guidance for Depositing SGD Funds (Automated) (636.5 KB)
- Appendix B: Operational Procedures and Additional Guidance for Obtaining SGD Funds Using SGS and MAS Bills (Automated) (586.4 KB)
- Appendix C: Operational Procedures for Obtaining SGD Funds Using S$ Debt Securities and Sukuk issued by: (402.1 KB)
- Singapore Statutory Boards and (402.1 KB)
- AAA-Rated or AA-Rated Public Sector Entities, Supranationals, Sovereigns, Sovereign Guaranteed Companies and Non-Financial Companies (402.1 KB)
- Appendix D: Operational Procedures for Obtaining SGD Funds using Foreign Currency (FC) and Foreign Currency Denominated Securities (with effect from 14 June 2018) (543 KB)
- Appendix E: Contingency Procedures for the SF Automated Processes (151.3 KB)