Friday, October 31, 2008

Buy Government Bonds through ATM

This information is preliminary. It has not been verified.

Hi Mr Tan,

UOB, DBS & OCBC are working closely with MAS to launch this project in Mar/Apr 2009 (delayed from earlier schedule to launch in Nov 2008).

Under current system, individual investors must go to selected banks to submit paper document to buy Singapore Government Bills & Bonds (SGBB).

The new system will allow individual investors with UOB/DBS/OCBC’s ATM to bid for SGBB through ATM machines.

Investors can bid for minimum face value of $1,000 SGBB, up to $1 mil for Bill and up to $2 mil for Bond for each issue.

The maturity period for Bills are 3 months or 1 year.

The maturity period for Bonds (both zero-coupon or with-coupon bonds) are available for 2, 3, 5, 7, 10, 15 and 20 year-term-maturity period.

MAS will announce the winners of the bidding process and all SGBB will be credited to investors’ CDP account.

(name removed)


Anonymous said...

Wow, that should be good, no need to trust bank RMs etc.

Would have been great if they had done this earlier.

Anyway, better late than never.

Anonymous said...

Good News! We do want to go the bank again and misled / pressured by RM when we ask to buy government bonds.

Anonymous said...

Can find out more from the link:

Anonymous said...

Some data:

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