Defines Custody Cash Account as account for holding cash to meet requirements under Banking Act and for bank which is a participant in Real-Time settlement system.
For any obligations due and payable under Real-Time, per terms and conditions.
Real-Time is interbank real-time payment system of Singapore Clearing House.
Revises Appendix for manual submission, amendment of Qualifying Liabilities Returns.
Jun. 2022 Amended Notice
On Jun. 24, 2022, SIN MAS amended notice 758 on minimum cash balance (MCB).
Makes amendments to definitions, and some clauses with respect to submission
Amendments take effect Jul. 1, 2022.
Dec. 2024 Notice Revised
On Dec. 18, 2024, SIN MAS issued revisions to notice 758 on MCB requirements.
Revisions refer to Banking (financial penalties under sections 38 and 39) order 2024.
