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MAS to further extend US$60 bil swap facility with US Federal Reserve and MAS USD Facility

Felicia Tan
Felicia Tan12/17/2020 09:48 AM GMT+08  • 2 min read
MAS to further extend US$60 bil swap facility with US Federal Reserve and MAS USD Facility
MAS has extended the swap arrangement with the US Fed Reserve and the MAS USD facility to Sept 30, 2021.
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The Monetary Authority of Singapore (MAS) will be extending the US$60 billion ($79.81 billion) swap arrangement with the US Federal Reserve to Sept 30, 2021.

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

The Federal Reserve counts 14 central banks among its network of USD swap facilities, including the MAS.

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