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Lastest S$ Deposit updates - Part 3

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Old 05-10-2018, 06:11 PM   #2416
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I didn't receive call. But do receive email and letter on approval. More than 3 days ago.
Also can see placement online.
Strange. U should call the bank and ask for clarification

Sent from Samsung Galaxy Note 9 using GAGT
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Old 05-10-2018, 09:59 PM   #2417
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How to redeem before maturity is still fuzzy to me.
According to the FAQ T-bills can be sold to primary dealers or the SGX but the latter is very illiquid so I think it is difficult to get a good price in practice.
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Old 05-10-2018, 10:08 PM   #2418
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all signs are indicating interest rates is up up and away.

it may be commonplace to find >2% FD soon. SSB would also be trending up for future series.

for those with more to stash, bond yields are also going up..i.e. bond prices are trending down. good time to pick up solid investment grade bonds going forward. HDB 7 year bonds 2.74% yield. i reckon subsequent series may be issued at more than 3%...pls dont tell me HDB risky hor...the bond market consider it safer than banks.
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Old 06-10-2018, 05:59 PM   #2419
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Yongsaver how to know which a investment grade bond?
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Old 06-10-2018, 07:33 PM   #2420
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Yongsaver how to know which a investment grade bond?
Invest grade bonds are rated by s&p moody or Fitch. At least a bbb- rating. Some bonds are not rated but u know invest grade cos govt link like lta and hdb or temasek linked.invest grade means better chance to pay back...credit or default risk low.the rest are termed high yield or junk.
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Old 06-10-2018, 07:34 PM   #2421
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U rather sacrifice a bit of yield and go for invest grade than opt for higher yield junk bond. Sleep better at night..
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Old 06-10-2018, 07:36 PM   #2422
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Whatever yield sacrificed still better than fd. I recently gotten hsbc perp at 5%...rated invest grade..
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Old 06-10-2018, 09:45 PM   #2423
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Invest grade bonds are rated by s&p moody or Fitch. At least a bbb- rating. Some bonds are not rated but u know invest grade cos govt link like lta and hdb or temasek linked.invest grade means better chance to pay back...credit or default risk low.the rest are termed high yield or junk.
Just curious. What was the rating for Hyflux bond previously ? The one that defaulted.
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Old 06-10-2018, 10:14 PM   #2424
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Just curious. What was the rating for Hyflux bond previously ? The one that defaulted.
not rated = high yield = junk
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Old 06-10-2018, 10:15 PM   #2425
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not rated = high yield = junk
i cannot recall when was the last time a sgd investment grade bond defaulted. all the recent cases are high yield bonds.
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Old 06-10-2018, 11:29 PM   #2426
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the following banking groups are Domestic SIB:

DBS Bank;
Oversea-Chinese Banking Corporation;
United Overseas Bank;
Citibank;
Malayan Banking Berhad;
Standard Chartered Bank; and
HSBC

potential to destabilise the SG economy if they disappear.

There is another list of 30 banks which are classified as GLOBAL SIB

potential to destabilise the world economy if they disappear.

http://www.fsb.org/wp-content/uploads/P211117-1.pdf

they are subject to more capital requirements.
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Old 07-10-2018, 09:42 AM   #2427
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Most of the well known banks are SIB. What difference does it make?
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Old 07-10-2018, 09:48 AM   #2428
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Most of the well known banks are SIB. What difference does it make?
They are better capitalised and have local incorporation. Of the foreign banks that are DSIB, Maybank was the last to have local incorporation
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Old 07-10-2018, 12:34 PM   #2429
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Hi all,

I opened a CIMB FD account with FASTSAVER-i. I realise there is interest earned for FASTSAVER-i?

One question, what is the interest one will earn? And what is its minimum account to maintain in order not to incur any fall below penalty?
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Old 07-10-2018, 12:41 PM   #2430
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simply put...well capitalized = stronger = can absorb shocks or losses better = harder to fail = safer to put your FD with them.

DSIB and GSIB are required by law to hold greater capital buffer compared to other banks.
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