The first auction will be conducted on Friday, when US$10 billion in seven-day funds will be offered, the Monetary Authority of Singapore said in a statement.
SINGAPORE: Singapore's central bank said on Thursday it will provide up to US$60 billion of U.S. dollar funding to the city-state's banks as part of a previously announced swap facility with the U.S. Federal Reserve.
The first auction will be conducted on Friday, when US$10 billion in seven-day funds will be offered, the Monetary Authority of Singapore said in a statement.
