Singapore legislation
Regulation 22
of Significant Infrastructure Government Loan Regulations 2021
Regulation 22
Interest payments for book-entry SINGA securities
Subregulation 1
Interest on any book-entry SINGA security must be credited into the appropriate account for book‑entry SINGA securities maintained by the MAS —
for the owner of such a security; or
for the depositary institution which holds the book‑entry SINGA security for the account of the owner.
Subregulation 2
Where interest on any book-entry SINGA security is credited into an account of book‑entry SINGA securities maintained by the MAS for a depositary institution which holds the book‑entry SINGA security for the account of the owner thereof, the depositary institution must immediately credit the interest into the appropriate account of the owner of the book‑entry SINGA security maintained at that institution.