The Monetary Authority of Singapore has announced the further extension of the US$60 billion swap arrangement with the US Federal Reserve through Dec 31 2021. 

The MAS USD Facility will also be extended to the same date, offering up to US$60 billion of backstop funding to banks to support USD lending to businesses in Singapore and the region. 

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook