Singapore legislation
Regulation 7
Regulation 7
Currency adjustment
Where a financial guarantee insurance policy is issued in non-Singapore dollars —
(a)
for the purposes of determining the net exposure limits under regulation 5(1), the foreign exchange rates prevailing at the time the policy is issued shall apply; and
(b)
for the purposes of determining aggregate net exposure limits under regulation 5(2), the foreign exchange rates prevailing at the time of such determination shall apply.