MAS Transaction definition
MAS Transaction means any transaction initiated by MAS to debit an RTGS Account but shall not include any transaction for payment by a participant to MAS for allotment of SGSMB;
MAS Transaction means any transaction initiated by MAS to debit an RTGS Account but shall not include any transaction for payment by a participant to MAS for allotment of SGSMB; “MASNET” means the financial communication network operated by MAS; “MCB” means, in the case of a bank, the minimum cash balance required to be maintained by the bank under the Banking Act (Cap. 19), and in the case of a finance company, the minimum cash balance required to be maintained by the finance company under the Finance Companies Act (Cap. 108); “MCB funding period” means the period of time designated by MAS before the end of a business day during which a member bank or finance company shall have to meet such minimum MCB requirement at the end of a business day as specified in the relevant notice in writing issued by MAS under the Banking Act (Cap. 19) or Finance Companies Act (Cap. 108), as the case may be; “member bank” means a bank which is approved by MAS pursuant to section 29A of the Monetary Authority of Singapore Act to participate in MEPS+; “member institution” means an institution which- (a) is not a bank; and (b) is approved by MAS pursuant to section 29A of the Monetary Authority of Singapore Act to participate in MEPS+;
MAS Transaction means any transaction initiated by MAS to debit an RTGS Account but shall not include any transaction for payment by a participant to MAS for allotment of SGSMB; “MASNET” means the financial communication network operated by MAS; “MCB” means the minimum cash balance required to be maintained under the Banking Act; “MCB funding period” means the period of time designated by MAS before the end of a business day during which a member bank shall have to meet such minimum MCB requirement at the end of a business day as specified in the relevant Notice to Banks; “member bank” means a bank which is approved by MAS pursuant to section 29A of the Monetary Authority of Singapore Act to participate in MEPS+; “member institution” means an institution which- (a) is not a bank; and
More Definitions of MAS Transaction
MAS Transaction means any transaction initiated by MAS to debit an RTGS Account but shall not include any transaction for payment by a participant to MAS for allotment of SGSMB; “MASNET” means the financial communication network operated by MAS; “MCB” means, in the case of a bank, the minimum cash balance required to be maintained by the bank under the Banking Act (Cap. 19), and in the case of a finance company, the minimum cash balance required to be maintained by the finance company under the Finance Companies Act (Cap. 108); “MCB funding period” means the period of time designated by MAS before the end of a business day during which a member bank or finance company shall have to meet such minimum MCB requirement at the end of a business day as specified in the
MAS Transaction means any transaction initiated by MAS to debit an RTGS Account but shall not include any transaction for payment by a participant to MAS for allotment of SGSMB; “MASNET” means the financial communication network operated by MAS; “MCB” means, in the case of a bank, the minimum cash balance required to be maintained by the bank under the Banking ▇▇▇ ▇▇▇▇, and in the case of a finance company, the minimum cash balance required to be maintained by the finance company under the Finance Companies ▇▇▇ ▇▇▇▇; “MCB funding period” means the period of time designated by MAS before the end of a business day during which a member bank or finance company shall have to meet such minimum MCB requirement at the end of a business day as specified in the relevant notice in writing issued by MAS under the Banking ▇▇▇ ▇▇▇▇ or Finance Companies ▇▇▇ ▇▇▇▇, as the case may be; “member bank” means a bank which is approved by MAS pursuant to section 29A of the Monetary Authority of Singapore Act 1970 to participate in MEPS+; “member institution” means an institution which- (a) is not a bank; and (b) is approved by MAS pursuant to section 29A of the Monetary Authority of Singapore Act 1970 to participate in MEPS+; “MEPS+” means the New MAS Electronic Payment and Book-Entry System, as described in the Payment and Settlement Systems (Finality and Netting) (Designated System) (New MAS Electronic Payment and Book- Entry System) Order 2006;