sg-crest A Singapore Government Agency Website

Guidelines
 Published Date: 02 December 2005

​Guidelines on Definition of a “Deposit”

Guidelines for determining if a financial product can be defined as a "deposit".
Applies to: Full Bank (Locally Incorporated) , Full Bank (Branch) , Wholesale Bank (Branch) , Wholesale Bank (Locally Incorporated) , Merchant Bank (Locally Incorporated) , Merchant Bank (Branch)
View Document ​Guidelines on Definition of a “Deposit” (18.4 KB)

These guidelines apply to all banks and merchant banks in Singapore. They set out the factors that MAS would consider in determining whether a financial product satisfies the definition of a “deposit” under the Banking Act.

Amendment Notes