Guidelines
Asian Currency Unit Terms and Conditions of Operation
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
Related to this Item
-
NoticesLast Revised Date: 28 June 2021
Notice 1001 Definition of Capital Funds and Head Office Capital Funds
Definition of “capital funds” and “head office capital funds” for merchant banks.
-
GuidelinesPublished Date: 31 July 2008
Guidelines for Operation of Wholesale Banks
Guidelines on standard operational procedures for wholesale banks.
-
ActsPublished Date: 31 March 2008
Banking Act (Cap. 19)
Governs the licensing and regulation of banks and related financial institutions in Singapore, including their credit card and charge card business. - Cancelled
-
DirectivesPublished Date: 19 March 2007
Directive 15 Operation of an Asian Currency Unit
Requirement for merchant banks to obtain MAS' approval for the operation of an Asian Currency Unit.
-
GuidelinesPublished Date: 19 March 2007
Guidelines for Operation of Merchant Banks
Guidelines for merchant banks' operations.