Regulation 2

any bank licensed by the Authority under the Banking Act (Cap. 19); or

any entity licensed, registered, approved or otherwise regulated as a bank in the country of establishment;“classified”, in relation to a credit facility, means any credit facility which has been categorised by a DI Scheme member as “substandard”, “doubtful” or “loss” pursuant to any notice in writing issued by the Authority under any written law;“company” and “corporation” have the respective meanings as in section 4(1) of the Companies Act;“counterparty related to the DI Scheme member” includes any holding company, subsidiary or associated company of the DI Scheme member, and any subsidiary or associated company of any holding company of the DI Scheme member;“credit facility” means —

the granting by a DI Scheme member of advances, loans and other facilities whereby a customer of the DI Scheme member has access to funds or financial guarantees; or

the incurring by a DI Scheme member of other liabilities on behalf of a customer;“debt security” includes any debenture, bond or note;“eligible asset” means any of the assets specified in the First Schedule which may be included by a DI Scheme member for the purposes of computing its asset maintenance ratio under regulation 5;“eligible pledged asset” has the meaning given to it by regulation 5(4);“foreign bank” means a full bank which is incorporated in a jurisdiction other than Singapore and has operating branches or offices located within Singapore;“holding company” and “subsidiary” have the respective meanings as in section 5 of the Companies Act (Cap. 50);“housing loan” means a credit facility granted to an individual for the purchase of residential property where the credit facility is secured on that property;“investment grade” means any of the following credit ratings issued by the respective credit rating agencies:

BBB-minus or better by Fitch Ratings; (b)Baa or better by Moody’s Investor Services; (c)BBB-minus or better by Standard and Poor’s Rating Services;“merchant bank” has the meaning given by section 2(1) of the Banking Act;“minimum cash balances” means the minimum cash balances maintained on deposit with the Authority by a bank as reserves against its deposit and other liabilities under section 39 of the Banking Act (Cap. 19);“minimum liquid assets” means the minimum amount or amounts of liquid assets held by a bank under section 38 of the Banking Act;“practising certificate” means a certificate issued by the Registrar under section 25 of the Legal Profession Act (Cap. 161);“share” has the same meaning as in section 4(1) of the Companies Act;“Singapore Government Securities” means any debt securities issued by the Government under any written law.