MAS USD Facility
The MAS USD Facility ("Facility") contributes to the stability of USD funding conditions in Singapore, and facilitates USD lending to businesses in Singapore and the region. It will also contribute to global efforts by central banks to maintain stability and normal functioning of financial markets. The Facility is funded by the USD liquidity swap arrangement between the MAS and the US Federal Reserve.
Key Details
Eligible Counterparties | Banks in Singapore, subject to the Terms and Conditions of the Facility |
Transaction Type | Collateralised borrowing or Repurchase transaction |
Auction Type | Multiple-price |
Tenor | 7-day, 28-day, 84-day |
Eligible Collateral |
Category A: SGD-denominated securities and cash Please refer to Collateral Eligibility (147.3 KB) for further details. |
Settlement Mode |
Eligible Counterparties may opt for either bilateral settlement of collateral, or triparty settlement of collateral via a Triparty Collateral Management Service facilitated by the Appointed Triparty Agent, Clearstream Banking S.A. Please refer to Settlement Mode (91.8 KB) for further details. |
Minimum Bid Rate |
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USDSGD FX Spot Reference | Bloomberg’s "SGD Curncy" mid-price (source: BFIX) as displayed on the Historical Price page, one Business Day before auction day. |
Haircuts | Collateral haircuts will be sent to banks via a MASNET circular. |
Minimum Bid Amount | U$10 million |
Maximum Bid Amount | Not applicable |
Allotment Method |
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Operating Window |
Applications must be submitted between 1.40pm and 2.00pm. Successful auction participants will be notified of their allotted amounts by 3.30pm. |
Auction Schedule and Amounts | Auction Schedule (171.8 KB)(updated as of 27 Jan 2021) |
Auction Results | Auction Results (18.9 KB)(updated as of 01 Mar 2021) |
Cash Settlement | T+2 |
Contact Information | Official dealing line: +65 6229 9150 Email: sgddiv@mas.gov.sg |
Terms and Conditions |
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