Primary dealer and non-primary dealer banks are required to submit a Debit/Credit
Authorisation Form to MAS, prior to participating in SGS auctions/reverse
auctions. The form authorises the MAS to debit/credit a bank's current
account and securities account in MEPS for the securities purchased/sold
at the auctions. In addition, non-primary dealer banks will be assigned
individual SGS auction allocation limits upon completion of this form.
(Refer
here for more details on the current SGS auction allocation limits.)
Primary dealers should fill in sections a, c, d, and f. Non-primary dealers
should fill in sections b, c, e and f. Banks are only required to submit
this form once.
Debit/Credit Authorisation Form |
