BIS central bankers’ speeches  3  A.  Cross-border collateral arrangements with central banks in Asia  The first initiative is cross-border collateral arrangements with Asian central banks, with which the BOJ has been collaborating.
Specifically, with the Bank of Thailand, the BOJ established in 2011 a framework in which Thai Baht liquidity could be provided by the Bank of Thailand against JGBs and the yen as collateral. A similar arrangement was established with the Monetary Authority of Singapore in 2014, and agreed upon in principle with Bank Indonesia in 2013.