Document background
The Authorization Letter for Redemption serves as a crucial legal instrument in Singapore's financial sector, enabling asset owners to delegate redemption rights to authorized representatives when they cannot personally execute such transactions. This document is particularly relevant when dealing with time-sensitive redemptions, overseas transactions, or situations where the principal cannot be physically present. It must include specific details about the authorized party, the assets to be redeemed, and the scope of authority granted, all while adhering to Singapore's stringent financial regulations and documentation requirements.
