MASNET definition

MASNET means the financial communication network operated by MAS;

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MASNET means MAS Network;

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+;

Examples of MASNET in a sentence

• A participant shall submit its encrypted IFT and SGSMB files and hash files via MASNET or physical electronic storage media, and the Manual Contingency Control Form (signed by at least two authorized signatories) via facsimile to the Service Provider by 1830hours or (in the case of access to Intra-day Liquidity Facility) 1500hours, and obtain confirmation from the Service Provider that it has received the IFT and SGSMB files, and the Manual Contingency Control Form.

• A participant shall submit its encrypted IFT and SGSMB files and hash files via MASNET or physical electronic storage media, and the Manual Contingency Control Form (signed by at least two authorized signatories) via facsimile to the Service Provider by 1830hours or (in the case of access to Intra-day Liquidity Facility) 1500hours.

• A participant shall submit its encrypted IFT and SGSMB files and hash files via MASNET or physical electronic storage media, and the Manual Contingency Control Form (signed by at least two authorised signatories) via corporate email (or fax if corporate email is unavailable) to the Service Provider by 1830hours or (in the case of access to Intra-day Liquidity Facility) 1500hours.

• The Operating Window shall be as specified in the Agreement, unless otherwise announced via MASNET or the Authority’s website7.

• A participant may access the Intra-day Liquidity Facility by submitting the Request For Intraday Liquidity form (signed by at least two authorised signatories) via MASNET to the Service Provider by 1500hours.

More Definitions of MASNET

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

MASNET means the financial communication network operated by MAS; “MCB” means the minimum cash balance required to be maintained under the Banking Act;

MASNET means the financial communication network operated by MAS Network Services;

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

MASNET means MASNET or any electronic system which may be established by the Authority in place of MASNET;

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;

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+; “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; “MEPS+ Operations Manual” means the operations manual provided by the Service Provider to the Participant, as may be revised by the Service Provider from time to time; “MEPS+ Services” means the services in relation to MEPS+ provided by the Service Provider in accordance with the Agreement;