Notice 646 Foreign Exchange Conversion in China via the Renminbi Clearing Bank for the Settlement of Eligible Cross-Border Trade
Requirements for banks conducting foreign exchange conversion in China via the Renminbi Clearing Bank.
This notice applies to all participating banks in Singapore that conduct foreign exchange conversion in China via the Renminbi Clearing Bank for the settlement of eligible cross-border trade. It sets out the requirements for banks to comply with, including verification of eligible trade, record keeping and reporting.
Amendment Notes
- 01 Aug 2014
- MAS Notice 646 (Amendment) 2014 (90.6 KB) takes effect.
- 23 Oct 2013
- MAS Notice 646 (Amendment) 2013 (140.3 KB) takes effect.
- 09 Jul 2013
- MAS Notice 646 dated 09 July 2013 takes effect.
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