Singapore Treasury bills (T-bills)

[hyperfuse]

I put competitive bid 2.9% -- by right, I shouldn't get any. But I received SMS that my bid is successful.
Now i question myself, did I make a mistake in my application? Unfortunately, I cannot find the records on my bidding exercise in my bank app.

Is there a way to see what choice I made when I bid in OCBC?

not bad still have sms to say bid successful.

i dont even have.

 

[RedsYWNA]

He was replying to your msg saying the amount to be refunded is not much, 10k only 140+ blah blah.. so his point is what u are referring is those that are successful, but those who are not may have 10k or 100k or more not refunded too, so it's no longer a "small amount" as u mentioned anymore.

But of course it will be refunded, just a matter of time

If takes a long time to refund, yes there's some opportunity cost due to sheer inefficiency. For some, the interest differential can eat haidilao meal liao lor....... frustrating if its due to incompetence.

 

[item2sell]

I put competitive bid 2.9% -- by right, I shouldn't get any. But I received SMS that my bid is successful.
Now i question myself, did I make a mistake in my application? Unfortunately, I cannot find the records on my bidding exercise in my bank app.

Is there a way to see what choice I made when I bid in OCBC?

That is just so messed up

 

[vsvs24]

I put competitive bid 2.9% -- by right, I shouldn't get any. But I received SMS that my bid is successful.
Now i question myself, did I make a mistake in my application? Unfortunately, I cannot find the records on my bidding exercise in my bank app.

Is there a way to see what choice I made when I bid in OCBC?

That's why I usually do printscreen

 

[adven7]

Comp bid below cutoff yield so 100% allocated, receive SMS at 11:44 and check bank money credited. Done

 

[sgreview]

I put competitive bid 2.9% -- by right, I shouldn't get any. But I received SMS that my bid is successful.
Now i question myself, did I make a mistake in my application? Unfortunately, I cannot find the records on my bidding exercise in my bank app.

Is there a way to see what choice I made when I bid in OCBC?

Oh gosh, maybe u put -2.9%

 

[item2sell]

Oh gosh, maybe u put -2.9%

it is not possible to put negative value.

 

[Happyhappydays]

That's late? My refund came in last night (before MAS removed the first auction result). Also UOB savings account (Uniplus).

My refund just in with no notification from UOB.
So not true that UOB is faster in processing. I did both comp and non-comp bids using cash via UOB.
This tbill is odd as the refunds will usually be in by end of day on auction date.
A day's delay is still ok, hopefully no delays in future auctions.

 

[sgreview]

If takes a long time to refund, yes there's some opportunity cost due to sheer inefficiency. For some, the interest differential can eat haidilao meal liao lor....... frustrating if its due to incompetence.

Yes, it's frustrating if due to incompetence.. but not much we can do, banks won't compensate u for such incidents.. can only keep fingers crossed that everything is smooth

 

[bigrooster]

My refund just in with no notification from UOB.
So not true that UOB is faster in processing. I did both comp and non-comp bids using cash via UOB.
This tbill is odd as the refunds will usually be in by end of day on auction date.
A day's delay is still ok, hopefully no delays in future auctions.

At least faster than DBS.

 

[item2sell]

Next bid i am going to put 1/3 in DBS, 1/3 OCBC, 1/3 UOB.

 

[Bloodboilboy]

DBS ah DBS , why you take money lightning’s fast but pay money back slow like a crawling

 

[chm527]

This was posted in the website https://www.mas.gov.sg/bonds-and-bills
--
Due to a technical issue, there was a delay in the processing of the 6-month T-bill auction (BS22115F) on 4 August 2022, leading to a delay in the publication of auction results. The auction results were published at 10:00am on Friday, 5 August 2022. MAS is working with DBS, OCBC and UOB to process any affected customer applications as soon as possible. We apologise for the inconvenience caused.

 

[sgreview]

DBS ah DBS , why you take money lightning’s fast but pay money back slow like a crawling

Because it's Damn Blardy Slow.

As quoted from fellow bro

On a side note, anyone use SRS to bid? Guess SRS will be even slower compared to cash?

 

[tiertime]

My refund just in with no notification from UOB.
So not true that UOB is faster in processing. I did both comp and non-comp bids using cash via UOB.
This tbill is odd as the refunds will usually be in by end of day on auction date.
A day's delay is still ok, hopefully no delays in future auctions.

May i knw :
Which date did u buy ?
u buy Both with uob is at same timing?
Only receive today for BOTH refunds?

 

[chatbot]

Oh no. Try calling ocbc ? The bank shld hv your application records for submission to MAS.

thanks all!
I think i'll just be happy that I get it.. I don't need to double check. Next time, I'll take screen grab.

 

[tiertime]

Next bid i am going to put 1/3 in DBS, 1/3 OCBC, 1/3 UOB.

Any reason for doing this, coz we alr knw the DBS is slow, why u still want to use DBS if u alr can use other bank ?

 

[lzydata]

This was posted in the website https://www.mas.gov.sg/bonds-and-bills
--
Due to a technical issue, there was a delay in the processing of the 6-month T-bill auction (BS22115F) on 4 August 2022, leading to a delay in the publication of auction results. The auction results were published at 10:00am on Friday, 5 August 2022. MAS is working with DBS, OCBC and UOB to process any affected customer applications as soon as possible. We apologise for the inconvenience caused.

At least now there is an explanation published.

 

[tiertime]

Suppose to have a $2 charge per application, how come after refund to uob yesterday, still havnt Kena charge the $2 ?

 

[lzydata]

Suppose to have a $2 charge per application, how come after refund to uob yesterday, still havnt Kena charge the $2 ?

The 3 banks all waive the service charge for applying for T-bills and SGS. You want to be charged?