Notices
 Last Revised Date: 21 September 2020

Notice 639 Exposures to Single Counterparty Groups

Rules to measure and limit a locally-incorporated bank's exposures to a single counterparty group.

Issued pursuant to:

Banking Act (Cap. 19) section 29(1)

Applies to: Full Bank (Locally Incorporated) , Wholesale Bank (Locally Incorporated)
View Notice Notice 639 Exposures to Single Counterparty Groups (267.3 KB)

This notice applies to all locally-incorporated banks. It sets out:

  • Limits on a locally-incorporated bank's exposure to a single counterparty group.
  • Types of exposures to be included in or excluded from those limits.
  • Basis for computing exposures.
  • Eligible credit risk mitigation techniques.
  • Approach for aggregation of exposures.

Amendment Notes

1 Oct 2020
MAS Notice 639 (Amendment) 2020 (362.9 KB) takes effect.

31 Dec 2009
MAS Notice 639 (Amendment) 2009 takes effect.

11 Jun 2007
MAS Notice 639 dated 6 June 2007 takes effect.

11 Jun 2007
MAS Notice 623 dated 11 November 2002 and MAS Notice 629 dated 4 January 2006 are cancelled.

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