MAS to lend Singapore dollars against JGBs

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The Monetary Authority of Singapore (MAS) will lend Singapore dollars against Japanese government bonds (JGBs), the central bank said today, after striking a "cross-border collateral arrangement" with the Bank of Japan (BoJ).

It offers overnight loans through its standing facility (its discount window) against domestic government bonds, MAS bills, certain public sector securities and a handful of foreign currency securities.

The MAS will now widen this pool to include JGBs. All financial institu

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