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How to buy T-bills: The mechanics
Tay Peck Gek
Published Fri, Dec 2, 2022 · 12:31 PM
Who’s eligible?
Individuals, including non-residents, who are at least 18 years old and not bankrupt; and institutions
Accepted sources of funds:
Cash, supplementary retirement scheme (SRS) funds, and Central Provident Fund ordinary account (OA) and special account (SA) savings
What you need:
- An individual Central Depository (CDP) account with direct crediting service activated. As there has been a high volume of CDP account applications, it now takes a minimum of 20 work days to process.
- SRS account, if using SRS funds
- Completed CPF Self-Awareness Questionnaire if using CPF funds
- CPF Investment Account (CPFIA), if using CPF OA savings
How much can you invest?
The minimum investment is S$1,000. The maximum investment is 15 per cent of the issuance size, for both competitive and non-competitive applications by each individual investor. There is also a cap of S$1 million on non-competitive bids.
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