The Monetary Authority of Singapore, MAS, has published a press release informing about the extension of the bilateral currency swap arrangement with the Central Bank of Indonesia (BI) for another year until November 2, 2024, comprising a maximum size of SGD 9.5 billion or IDR 100 trillion.
Concurrently, the two central banks also extended over same time period a „bilateral repo agreement of USD 3 billion that allows for repurchase transactions between the two central banks to obtain USD cash“ using Government Bonds of Germany, Japan, or the US as collateral.
The arrangements were initially launched in 2018 and yearly extended thereafter to ensure liquidity among financial institutions in case of disruptions in the foreign exchange market.
Other Features
agreement
banks
liquidity
OTC derivatives
supervisory practices
Date Published: 2023-11-03
Regulatory Framework: Central bank liquidity lines
Regulatory Type: information
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