MAS extends $80b swap agreement with US Fed

Its USD Facility will also be extended to end-September 2021.

The Monetary Authority of Singapore (MAS) has extended its $80b (US$60b) swap arrangement with the US Federal Reserve through 30 September 2021, a statement read.

The MAS USD Facility will also be extended to 30 September 2021.

Since launching in March, the facility has provided about $30.5b (US$23b) to banks, for use in Singapore and the region. The extension of the MAS USD Facility will continue to promote stability in USD funding conditions and anchor market confidence, the regulator said.
 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!