An open platform will be developed to enable real-time cross-border multi-currency payments, trade finance, foreign exchange and DVP securities settlements.
The Singapore Funds Industry Group will bring together key players to formulate strategies to develop the asset management ecosystem.
The module covers the EnRM Guidelines issued by MAS in December, supplemented with case studies to facilitate application by the industry.
Digital LC capabilities will be offered in Australia, China, Hong Kong and Singapore via Contour from this month.
MAS will seek to build a consortium of countries to explore the potential of digital infrastructure for cross-border use.
Financial institutions in Singapore place significant importance on ESG performance, with a heavy focus on climate considerations.
Ng Yu Zhi allegedly cheated five individuals into paying around S$8.8mn for nonexistent forward contracts purported to be for the sale of nickel to a metals trader.
The new contracts offer participants more precise hedging tools as a recovery drives demand for iron ore and minor bulks, SGX said.
Standard Chartered has joined 25 other signatories to the Poseidon Principles, a global framework that targets carbon emission cuts in the shipping industry.
The move is in part aimed at increasing algorithm capacity for trading Chinese yuan, the most heavily traded emerging market currency.
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