How to apply SGS Bonds/T-Bills in DBS Bank Singapore? Procedure, Requirements, Cost

Contents

1 How to apply SGS Bonds/T-bills on digibank Online?
2 Procedure to select the correct issuance code during application.
- 2.1 Cost
- 2.2 How to apply Invesment Mode?
3 What is the Difference / Maturity Period/ How it works of SGS Bonds and T-Bills?
- 3.1 What is Competitive and Non-Competitive?

How to apply SGS Bonds/T-bills on digibank Online?

To login digibank online please visit here
Fill the Authentication Process.
Under Invest tab, select Singapore Government Securities (SGS).
Select T-Bill or Bond.
Enter OK.
Select Issue Code and click Next.
Select Nationality and Payment Mode.
Enter CDP/SRS Account Number, select Competitive/Non-Competitive Bid
Enter Amount to purchase and select your debiting account. Click Next.
To invest in T-bill using your CPF OA funds, please select CPF OA as your payment method. (For DBS CPF Investment Account Holders only)
Verify and Submit

Procedure to select the correct issuance code during application.

Application of SGS Bonds/T-Bills are not revocable

Securities Type	Securities Name	Tenor	Opening Date	Closing Date
T-Bills	BS23113V	6 Mths	28-Jun-23	05-Jul-23
T-Bills	BS23114A	6 Mths	13-Jul-23	19-Jul-23
T-Bills	BS23115E	6 Mths	27-Jul-23	02-Aug-23
T-Bills	BY23102N	12 Mths	20-Jul-23	26-Jul-23

For payment by CPF, cut-off time is one day before closing date at 12noon.
Multiple submissions are allowed
An additional application and will not overwrite the previous submission.
To apply for SGS Bonds/T-Bills in cash an individual CDP account with Direct Crediting Service activated
To apply for an individual CDP account Please visit here.
For Singapore Permanent Residents or Foreigners
NRIC/Passport details matches CDP records.

Note: Joint CDP accounts are not allowed.

Cost

No Charges, all application fees are waived Ordinary Account (OA):
S$2.50 + GST for transaction
No Charges for Special Account (SA)
Minimum Application S$1,000
Maximum Application S$1m per applicant

How to apply Invesment Mode?

Cash: ATM, Digibank online and mobile
SRS (DBS SRS Account Holders Only): Digibank Online
CPF – Ordinary Account: Digibank Online
CPF – Special Account: Branch Only

What is the Difference / Maturity Period/ How it works of SGS Bonds and T-Bills?

	SGS Bonds	T-Bills
Overview	Long-term, tradable government debt securities that pay a fixed coupon every 6 months.	Short-term, tradable government debt securities that investors buy at a discount.
Maturity Period	2 to 50 years	6 months to 1 year
How does it work?	Coupon payment Semi-annual coupon from the month of issue.	No coupon payment Discount is returned within 1-2 working days
Example	Invest $10k, 10 Year Maturity date, coupon rate of 1% p.a.	Invest $10k in 6-Mths T-Bill with a cut-off yield of 1% p.a.
	Receive $50 every 6 months until maturity.	Receive a one-time $50 refund 1-2 working days
	$10k at maturity.	$10k at maturity.

What is Competitive and Non-Competitive?

	Non-Competitive	Competitive
Intro	specify only the amount you want to invest, not the yield.	The amount and yield you want to invest.
Allotment	Bids will be allotted first, up to 40% of the total issuance amount.	May not get the full amount that you applied for, depending on how your bid compares to the cut-off yield.
Reason To Select	To invest in the bond regardless of the return or are unsure of what yield to bid.	Submit a competitive bid, to invest in the bond only if it yields above a certain level.

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