Singapore Treasury bills (T-bills)

[sohguanh]

Sure thing bro. Timeline:

3 weeks ago: I start reading the thread
Jul 11th: Decide I want to try this upcoming 6-mo, apply for an account via https://investors.sgx.com/dashboard#create-cdp-account . e-mail conf the same day. (NB: NOT a singpass info pull, I had just moved and my singpass address was still wrong)
July 12th: Receive CDP account #, told it will take more processing time. I decide to wait for that, but do put in my T-bill bid through UOB.
July 15th: Knowing the deadline was getting closer I seek to expedite the activation. I try the phone line and give up after 20 minutes and write an email to asksgx@sgx.com. I get an automated reply
Yesterday: I receive this email



I reply with


10 min ago:
Account activated and I was notified by email. I try to submit for DCS, and conveniently it's already in process

Still dunno if I'll make it in time, but not a bad customer svc experience overall.

Thanks for this valuable info sharing. So DCS must also be in place before one can apply T-bill I see. It should be same for SSB then.

 

[wongdawson]

So i apply CDP account now so in time for T-bills on 21 Jul 2022?

 

[sunkist77]

Can I purchase tbills under a bank (ocbc) that isn't the same as the one set for DCS (dbs) ?

 

[reddevil0728]

So i apply CDP account now so in time for T-bills on 21 Jul 2022?

Doesn’t seems like it if you read the above?

 

[reddevil0728]

Can I purchase tbills under a bank (ocbc) that isn't the same as the one set for DCS (dbs) ?

Yea why not. It’s not diff from like ipo or ssb

 

[wongdawson]

Can go direct to UOB branch to open on the spot or still to wait for more than 10 days?

 

[reddevil0728]

Can go direct to UOB branch to open on the spot or still to wait for more than 10 days?

You are asking this based on where you read what?

 

[dude123]

PA: T-bill close today.

 

[F1ngolf2012]

First T-bill - plan to submit 50/50 split between comp and non-comp bid. Anyone doing comp and non-comp split?

 

[reddevil0728]

First T-bill - plan to submit 50/50 split between comp and non-comp bid. Anyone doing comp and non-comp split?

People mentioned they have done it before. What about?

 

[F1ngolf2012]

People mentioned they have done it before. What about?

Wondering if there is a typical split percentage or anything goes?

 

[reddevil0728]

Wondering if there is a typical split percentage or anything goes?

Nope. It’s about your own opportunity cost.

diff people diff opportunity cost

 

[F1ngolf2012]

Nope. It’s about your own opportunity cost.

diff people diff opportunity cost

Sounds right. I would consider to do an early termination of my FD with CIMB if the T-bill yield for this auction is above 2.5%.

 

[brianlee_sg]

So i apply CDP account now so in time for T-bills on 21 Jul 2022?

There are 2 Tbili auctions per month. If you miss this one got another one very soon.

 

[reddevil0728]

Sounds right. I would consider to do an early termination of my FD with CIMB if the T-bill yield for this auction is above 2.5%.

But you wouldn’t know till after the fact right

 

[F1ngolf2012]

But you wouldn’t know till after the fact right

Of course. That's why I said I would consider to terminate my CIMB FD if this auction is above 2.5%. CIMB FD becomes my dry powder.

 

[reddevil0728]

Of course. That's why I said I would consider to terminate my CIMB FD if this auction is above 2.5%. CIMB FD becomes my dry powder.

Dry powder meaning only withdraw and deploy when got better opps?

 

[F1ngolf2012]

Dry powder meaning only withdraw and deploy when got better opps?

Dry powder needs to be liquid.

 

[F1ngolf2012]

There are 2 Tbili auctions per month. If you miss this one got another one very soon.

Upcoming auctions:
https://www.mas.gov.sg/bonds-and-bills/auctions-and-issuance-calendar

 

[maumu]

just split the liquid cash into 26 bi-weekly stashes of cash to do ladder. application is free so dump as often as you like.

you can even consider the once-a-quarter 12-mth t-bill, so total 30 stashes.

set alarm every fortnight in case forget