Notice 656 Exposures to Single Counterparty Groups for Banks Incorporated in Singapore

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

Issued pursuant to: Banking Act (Cap. 19) sections 29(1) and 65(2)

Applies to: Full Bank (Locally Incorporated) , Wholesale Bank (Locally Incorporated)

View Notice Notice 656 Exposures to Single Counterparty Groups for Banks Incorporated in Singapore (538.8 KB)

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

Limits on exposures of a locally-incorporated bank to a single counterparty group.
Type of exposures to be included in or excluded from those limits.
Basis for computation of exposures.
Eligible credit risk mitigation techniques.
Approach for aggregation of exposures.

4 Sep 2027: MAS Notice 656 (Amendment No.2) 2026 (565.3 KB) dated 4 September 2026 takes effect.
1 Jul 2026: MAS Notice 656 (Amendment) 2026 (551.3 KB) dated 22 May 2026 takes effect.
1 Jul 2024: MAS Notice 656 (Amendment) 2024 (505.9 KB) dated 3 May 2024 takes effect.
1 Jul 2021: MAS Notice 656 (Amendment) 2021 (376.9 KB) dated 14 June 2021 takes effect.
1 Oct 2020: MAS Notice 656 (Amendment) 2020 (411.9 KB) dated 21 September 2020 takes effect.
1 Oct 2020: MAS Notice 656 (Amendment) 2019 (809.8 KB) dated 13 December 2019 takes effect.
1 Oct 2020: MAS Notice 656 dated 14 August 2019 (798.6 KB).

4 Sep 2026: MAS Notice 656 (531.1 KB) and Reporting Template (41.1 KB) dated 4 September 2026.
3 May 2024: MAS Notice 656 dated 3 May 2024 (420.8 KB).
14 Jun 2021: MAS Notice 656 dated 14 Jun 2021 (362.9 KB).
21 Sep 2020: MAS Notice 656 dated 21 September 2020 (394.8 KB).

Amendment Notes