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[1]: 81 A debt instrument is a financial claim that requires payment of interest and/or principal by the debtor to the creditor in the future. Examples include debt securities (such as bonds and bills), loans, and government employee pension obligations. [1]: 207 Net debt equals gross debt minus financial assets that are debt instruments.
In Singapore, unsecured credit, including credit card debt and personal loans, can carry high interest rates due to the lack of collateral. To safeguard borrowers from excessive debt accumulation, the Monetary Authority of Singapore (MAS) has implemented measures effective since January 1, 2018. These rules cap additional unsecured credit for ...
Singapore's debts are under the responsibility of MAS. As of 2022, the Singapore Government debt exceeds the country's GDP at about 150%. However, these are not net debts, but gross external debts, which can be traced to the debt liabilities in Singapore's banking sector—a reflection of the country's stature as a major global financial hub.
In 2024, all debt collection agencies in Singapore are mandated to operate only with a valid debt collection licence awarded by the Singapore Police Force. Fast Debt Recovery Specialist is among the first agencies to receive this prestigious licence, which is reserved for agencies recognised for their dedication to lawful and effective debt ...
These two debt repayment techniques, popularized by Dave Ramsey, involve picking one credit card and paying it off in full while making the minimum payment on all your other cards. Once you’ve ...
The process of debt repayment isn’t always a smooth one. While you probably hope you don’t hit any snags as you pay your balance, a lack of experience or unexpected life events can seem like ...
Oil trader GP Global APAC Pte Ltd has applied to the Singapore High Court for a six-month debt moratorium as its parent company seeks to restructure more than $1 billion dollars in debt, according ...
A sovereign default is the failure or refusal of the government of a sovereign state to pay back its debt in full when due. Cessation of due payments (or receivables) may either be accompanied by that government's formal declaration that it will not pay (or only partially pay) its debts (repudiation), or it may be unannounced.