MAS seeks to improve the way closing prices of SGS, MAS Bills are determined

SINGAPORE (Dec 1): The Monetary Authority of Singapore (MAS) has published a consultation paper proposing a framework to strengthen the process of determining the end-of-day prices for Singapore Government Securities (SGS) and MAS Bills.

The prices of these securities are used by financial institutions to value their holdings, as well as by institutional and retail investors to guide their investment decisions.

In addition, the closing prices are used by Singapore’s central bank in the operation of its liquidity and repo facilities, and to determine Singapore Savings Bond interest rates.

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