Notices

Last Revised Date: 13 April 2011

Notice 640 Minimum Asset Maintenance Requirements

Covers requirements for the minimum amount of eligible assets that foreign banks must maintain in Singapore.

Asset Maintenance

Issued pursuant to:

Banking Act (Cap. 19) section 40(1)

Applies to: Full Bank (Branch) , Wholesale Bank (Branch)

View Notice Notice 640 Minimum Asset Maintenance Requirements (60.2 KB)

This notice applies to all foreign banks. It sets out requirements on:

Maintaining eligible assets in Singapore to meet the asset maintenance requirement at all times.
Computation of eligible assets and asset maintenance ratio.
Submission of reports.

13 Apr 2011: MAS Notice 640 (Amendment) 2011 takes effect.
07 May 2009: MAS Notice 640 (Amendment) 2009 takes effect.

Annex 1: Eligible Assets (26.6 KB)

Annex 2: Asset Maintenance Requirement Quarterly Return (25.5 KB)