Key Details
- Eligible Counterparties
- Participants in MAS’ real time gross settlement system ("MEPS+") that have entered into a PSA-ISMA Global Master Repurchase Agreement with MAS.
- Transaction Type
- Repurchase transaction.
- Tenor
- Intraday.
- Rate
-
- Prevailing market rate, which is currently at 0%.
- Where the rate is otherwise determined by MAS, such rate will be broadcast in MEPS+ or on the MAS website.
- Eligible Collateral
- SGS and MAS Bills available in the SGS-Trade Account.
- Initial Haircuts
-
Time to maturity Haircut (%) 0-1 year
1
>1-5 years
1
>5-10 years
2
>10 years
4
- Operating Window
-
- 9am to 5pm.
- Usage of the facility has been automated within MEPS+ and may be triggered by eligible counterparties with sufficient eligible collateral.
- Liquidity reversal will take place automatically at 5.30 pm.
- Settlement
- Immediate.
- Contact Information
-
- Official dealing line: +65 6229 9150
- Email: sgddiv@mas.gov.sg
- Complete Terms and Conditions
- Terms and Conditions of MAS ILF wef 20 Aug 2012 (58.2 KB)