Requirement for merchant banks to obtain MAS' approval for the operation of an Asian Currency Unit.
Last Revised Date: 29 June 2021
Asian Currency Unit Terms and Conditions of Operation [Cancelled]
Requirements for banks and merchant banks operating an Asian Currency Unit.
These guidelines set out the terms and conditions applicable to all banks and merchant banks operating an Asian Currency Unit in Singapore.
The guidelines cover:
- Limits on total assets and liabilities
- Allowable financial transactions
- Undertakings required