SGS Valuation in SRS Statement (OCBC)

[oceanicmanta]

I have the SGS Govt bond NZ07100S in my SRS portfolio.

In Jun17, my paper SRS statement (as at 30 Jun) and OCBC SRS details online (valued 7 Jul) showed the bond price to be 92, which was used to value these bonds.

When I check against SGS website, the price of this SGS was $112.28 in Jun17 (http://sgsbonds.reitdata.com/).

Anyone with SGS holdings whose Market Valuation seems out of whack in Jun17 ?

Any idea how SGS bond prices are obtained for preparing SRS Statements or Bond Valuations ?

$92 is a buy for a bond paying 3.5% coupon.

 

[BBCWatcher]

I wouldn't worry about it. I've noticed some oddities with OCBC's asset valuations in SRS statements. Even assuming that's not true, maybe the market for those bonds was temporarily less liquid than usual, and OCBC reported that.

I assume you're going to hold the bond to maturity.

 

[oceanicmanta]

yes, will probably hold to maturity.

May's valuations were accurate.

$92 is really way off. Expected more care from a primary dealer.

Waiting for OCBC to respond via secured mail ... if it ever gets to the correct department.

 

[OCBC Bank]

yes, will probably hold to maturity.

May's valuations were accurate.

$92 is really way off. Expected more care from a primary dealer.

Waiting for OCBC to respond via secured mail ... if it ever gets to the correct department.

Hi oceanicmanta,

We came across this thread and note that you had send in a secured mail to us.

Could you PM us the secured mail 16-digit reference number and/or your system-registered contact number?

We will retrieve the mail and respond to you.

^WX

 

[oceanicmanta]

Thanks for reply. I have PM'd.

The last time I asked in writing about buying SGS using SRS, OCBC staff called me back asking me what Structured Product I was interested in !!??

So hopefully, this time it can be directed to the correct person.

 

[OCBC Bank]

Thanks for reply. I have PM'd.

The last time I asked in writing about buying SGS using SRS, OCBC staff called me back asking me what Structured Product I was interested in !!??

So hopefully, this time it can be directed to the correct person.

Hi oceanicmanta,

We have replied to your PM as well and will be in touch with you.

^WX

 

[oceanicmanta]

Hi oceanicmanta,

We have replied to your PM as well and will be in touch with you.

^WX

I also found that each SGS bond closing price is published DAILY here:

https://secure.sgs.gov.sg/fdanet/BondPricesAndYields.aspx

Perhaps you can share with your colleagues in Valuation.

 

[OCBC Bank]

I also found that each SGS bond closing price is published DAILY here:

https://secure.sgs.gov.sg/fdanet/BondPricesAndYields.aspx

Perhaps you can share with your colleagues in Valuation.

Hi oceanicmanta,

We will share this with the relevant department.

^DG

 

[oceanicmanta]

Hi oceanicmanta,

We will share this with the relevant department.

^DG

Hi OCBC

I have not received a final response from OCBC on this matter.

There was a call from OCBC who said "they get quotes from Reuters" but she could not even pronounce Reuters correctly ! When pressed further for info, all she said was she does not know !

On my i-banking, the bonds are stilled marked at 92 !

 

[OCBC Bank]

Hi OCBC

I have not received a final response from OCBC on this matter.

There was a call from OCBC who said "they get quotes from Reuters" but she could not even pronounce Reuters correctly ! When pressed further for info, all she said was she does not know !

On my i-banking, the bonds are stilled marked at 92 !

Hi oceanicmanta,

We are sorry to learn that you had not received any updates from our service executive. Do give us some time to check on this, and we will get back to you at the soonest.

^DG