MAS Bills definition

MAS Bills means any debt securities issued by the Monetary Authority of Singapore under the Monetary Authority of Singapore Act (Cap. 186);

MAS Bills means any debt securities issued by the Authority under the Monetary Authority of Singapore Act (Cap. 186);

MAS Bills means any debt securities issued by MAS under the Monetary Authority of Singapore Act (Cap. 186);

Examples of MAS Bills in a sentence

• During the Operating Window of the SF for SGD deposits or obtaining SGD using SGS and MAS Bills, an Eligible Counterparty shall first inform MDD via the official dealing lines2 of its intention to obtain or deposit SGD at the Borrowing Rate or Deposit Rate respectively.

• Once the seller has sufficient SGS or MAS Bills, MEPS+ SGS will earmark the SGS or MAS Bills for transfer to the buyer and generate a payment instruction to MEPS+ IFT on behalf of the buyer.

• Repurchase transactions involving MAS Bills Initial Clean Price = Previous Business Day’s Closing Clean Price as Published on www.mas.gov.sgEffective Price = Initial Clean Price x (1-Haircut) Note: The Authority shall compute the Clean Price as at the date of the repurchase transaction.

• MEPS+ provides banks in Singapore with a safe and efficient system for settlement of interbank funds transfers and scripless SGS and MAS Bills transactions.

• However, every such SGS or MAS Bills issue proposed to be used by an eligible counterparty shall have a nominal value of at least S$10 million.

More Definitions of MAS Bills

MAS Bills means any debt securities issued by the Monetary Authority of Singapore under the Monetary Authority of Singapore Act (Cap. 186); “MAS Transaction” means any transaction initiated by MAS to debit an RTGS Account but shall not include any transaction for payment by a participant to MAS for allotment of SGSMB; “MASNET” means the financial communication network operated by MAS; “MCB” means, in the case of a bank, the minimum cash balance required to be maintained by the bank under the Banking Act (Cap. 19), and in the case of a finance company, the minimum cash balance required to be maintained by the finance company under the Finance Companies Act (Cap. 108); “MCB funding period” means the period of time designated by MAS before the end of a business day during which a member bank or finance company shall have to meet such minimum MCB requirement at the end of a business day as specified in the relevant notice in writing issued by MAS under the Banking Act (Cap. 19) or Finance Companies Act (Cap. 108), as the case may be; “member bank” means a bank which is approved by MAS pursuant to section 29A of the Monetary Authority of Singapore Act to participate in MEPS+; “member institution” means an institution which- (a) is not a bank; and (b) is approved by MAS pursuant to section 29A of the Monetary Authority of Singapore Act to participate in MEPS+;

MAS Bills means any debt securities issued by the Monetary Authority of Singapore under the Act;

MAS Bills means any zero coupon debt securities issued by the Authority under the Monetary Authority of Singapore Act (Cap. 186);

MAS Bills means any debt securities issued by the Monetary Authority of Singapore under the Monetary Authority of Singapore Act (Cap. 186); “MAS Transaction” means any transaction initiated by MAS to debit an RTGS Account but shall not include any transaction for payment by a participant to MAS for allotment of SGSMB; “MASNET” means the financial communication network operated by MAS; “MCB” means the minimum cash balance required to be maintained under the Banking Act;

MAS Bills means any debt securities issued by the Monetary Authority of Singapore

MAS Bills means any debt securities issued by the Monetary Authority of Singapore under the Monetary Authority of Singapore Act (Cap. 186); “MAS Transaction” means any transaction initiated by MAS to debit an RTGS Account but shall not include any transaction for payment by a participant to MAS for allotment of SGSMB; “MASNET” means the financial communication network operated by MAS; “MCB” means the minimum cash balance required to be maintained under the Banking Act; “MCB funding period” means the period of time designated by MAS before the end of a business day during which a member bank shall have to meet such minimum MCB requirement at the end of a business day as specified in the relevant Notice to Banks; “member bank” means a bank which is approved by MAS pursuant to section 29A of the Monetary Authority of Singapore Act to participate in MEPS+; “member institution” means an institution which- (a) is not a bank; and

MAS Bills means any zero coupon debt securities issued by the Authorityunder the Monetary Authority of Singapore Act (Cap. 186);