MASNET is a financial network operated by the Monetary Authority of Singapore. Launched in 1991 in accordance with the Governments IT2000 plan, MASNET provides the financial sector in Singapore with a single communications network to improve workflow collaboration and coordination.
Today, MASNET has grown into a communication hub, facilitating the submission of MAS returns; data exchange between organisations consisting of banks and financial institutions, the Singapore Exchange (SGX) and government agencies. It also supports the direct crediting of share dividends into shareholders' bank accounts; workflow applications such as the Currency system; and providing information services such as the SGS Market Prices for MLA and the Directory of Financial Institutions.
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The online financial information and services accessible through web
browsers are :-
- Singapore Government Securities (SGS) market prices are for valuing SGS portfolios held to meet the minimum liquid assets requirement.
- Interest compensation on interbank failed payments - ABS K2 & K3 Rate
- General Insurance Industry Loss Development Statistics
- Electronic submission of statutory returns to MAS
Operating hours of Electronic Returns Services : Monday - Saturday, 6am - 12 midnight.
Other services which are currently accessible through Lotus Notes clients are :-
- Electronic mail
- Electronic submission of statutory returns to MAS
- Online inspection of insurance companies' annual returns
- Currency system which allows the banks to notify MAS electronically of cash deposits and withdrawals
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The following charges and fees are applicable to financial institutions subscribing to MASNET :-
| Monthly Subscription |
| $15 per subscriber. $5 for each additional user identification (except that where the Subscriber subscribes for more than one (1) user identification, the user identification assigned to the Subscriber's liaison officer will not be subject to the monthly subscription charge). |
| Connect Time |
| 8¢ per minute or any part thereof. |
| Transmission |
| 6¢ per Kbyte or any part thereof. |
| Storage |
$3 per month for the first 3 Megabytes of storage.
Additional storage at 16¢ per Mbyte per day. |
| Port charge on leased line |
Mainframe/Host
- Synchronous - Dedicated Lines
| up to 9600 bps |
$250 per month (per line) or part thereof |
more than 9600 bps but
not exceeding 19.2 Kbps |
$500 per month (per line) or part thereof |
more than 19.2 Kbps but
not exceeding 64 Kbps |
$1,300 per month (per line) or part thereof |
more than 64 Kbps but
not exceeding 256 Kbps |
$2,500 per month (per line) or part thereof |
Local Area Network (LAN)
| Dedicated router port charge for LAN-to-LAN connection up to 64 Kbps |
$500 per month |
| Dedicated router port charge for LAN-to-LAN connection up to 128 Kbps |
$640 per month |
| Dedicated router port charge for LAN-to-LAN connection up to 256 Kbps |
$760 per month |
| Dedicated router port charge for LAN-to-LAN connection up to 512 Kbps |
$880 per month |
| Dedicated router port charge for LAN-to-LAN connection up to 2 Mbps |
$1,270 per month |
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| Investline |
| Online Initial Public Offer Applications to the Central Provident Fund Board - 17¢ per transmission |
| Batch Data Transfer |
Peak Hours
3¢ per Kbyte or any part thereof
Off-Peak Hours (Aggregate Transmission)
Volume of not more than 30MB received by MAS during off-peak hours - 1.2¢ per Kbyte or any part thereof
Volume of more than or equal to 30MB received by MAS during off-peak hours - 0.6¢ per Kbyte or any part thereof
"Peak hours" means the time period from 8.30 am to 6.00 pm according to the MASNET system clock.
"Off-Peak Hours" means the time periods from 12.00 midnight to 8.29 am and from 6.01 pm to 11.59 pm, according to the MASNET system clock. |
| Rights Issue Application |
| Rights Issue Applications to the Singapore Exchange - 17¢ per transmission |
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For enquiries on MASNET services, please contact MASNET Helpdesk at telephone number 62299688 or toll free line 1800-2258247.
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