MAS extends $82.49b swap arrangement with the US Federal Reserve

Uploaded By:  Frances Gagua Submitted By:  Staff Reporter Case Study:  No The MAS USD Facility offers up to $82.49b of funding to banks. The Monetary Authority of Singapore (MAS) has extended its $82.49b (US$60b) swap arrangement with the US Federal Reserve until 31 March 2021, according to a press release. MAS will be able to continue providing US dollar through the MAS USD Facility, the latter which offers up to $82.49b (US$60b) of funding to banks to facilitate lending to businesses in Singapore and the region. read more