J.P. MORGAN: J.P. Morgan Securities Asia receives ABI st status in Singapore.

0 Comments | M2 Presswire, August, 1999

M2 PRESSWIRE-11 August 1999-J.P. MORGAN: J.P. Morgan Securities Asia receives ABI status in Singapore (C)1994-99 M2 COMMUNICATIONS LTD RDATE:100899 Singapore -- The Monetary Authority of Singapore (MAS) announced today that J.P. Morgan Securities Asia Private Limited ("J.P. Morgan Securities Asia"), incorporated in Singapore, was being awarded the Approved Bond Intermediary (ABI) status.

J.P. Morgan's ABI status is of the maximum duration -- four years until Year 2003, to last through the entire period the ABI scheme is in effect in Singapore. The ABI scheme, which was first announced this March in Singapore's 1999 budget by the Minister for Finance, Dr. Richard Hu, aims to provide clarity regarding the availability of various tax concessions to financial...

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