ELIGIBLE LIQUID ASSET COVER FOR FCDU LIABILITIES
National Administrative Register June 6, 1997 [ BSP CIRCULAR LETTER, December 24, 1997 ]
In addition to those FCDU liquid assets enumerated in Circular Letter dated June 6, 1997 which could be used as compliance of the required thirty percent (30%) liquid asset cover of the one hundred percent (100%) cover requirement for FCDU liabilities, the following FCDU asset accounts shall also be included as among the eligible liquid asset cover:
a. Foreign Currency Notes & Coins on Hand; and
b. Foreign Currency Checks & Other Cash Items.
Adopted: 24 Dec. 1997
(SGD.) GABRIEL C. SINGSON
Governor