TOS Congrats. If Malaysian and NOT Singapore PR can still buy T-bill through OCBC?

This post has been edited by abcn1n: Sep 19 2023, 04:03 PM

Thanks. Last time I asked OCBC and they said everything can't including Singapore FD. Am certainly looking to buying some Singapore T-bills and bonds but will likely only be able to do it next year

TOS Thanks for your help. Yikes, I don't have a CDP account. Will have to look into how to open one.

TOS My address is Malaysian one. Guess can't open Sg CDP account then. Can't buy t-bonds or t-bills

TOS Thanks but no such luck. Maybe 1 day, one of those fintech like stashaway may allow us to buy. Just found out that Stashaway allows to buy US ETF bonds.

Thanks.

TOS But do you need to be residing in Singapore for that (not talking about PR status)? Am afraid that even if we can get a Sg address but if we are not residing in Singapore, then its illegal.

Thanks.

Didn't realize that. Thanks for the below quote also

"Processing Fee: 0.1% of nominal value for each buy/sell order, subject to a minimum of SGD10 and GST.
Platform Fee: 0.025% per quarter, calculated on a daily average market value of bonds, subject to GST."

I've been looking at some of the websites teaching on how to open a CDP account. 2 of them didn't mention needing Singapore address (as what you mentioned) or needing to stay in Singapore. Could it be now they change the rules?

Am tempted to try to open CDP account through a Singapore bank by putting my Malaysian address to see whether can pass. But then scared wait the bank kick me out as their customer for thinking I'm trying to cheat

Edited
TOS Sorry, didn't save the website and can't remember them already. Could be they just chose not to mention need Singapore address? If anybody reading this and not residing in Singapore and not working/studying there and successfully open CDP account, pls let us know here.

Edit : managed to find 1 of the website/

How To Open A CDP Account?

Opening a CDP account is a fairly simple process. Before you apply for one, ensure that you meet the following eligibility criteria.

You must be 18 years old and above;
You must not be an un-discharged bankrupt; and
You must have a bank account with one of the following banks in Singapore – Citibank, DBS/POSB, HSBC, Maybank, OCBC, Standard Chartered Bank and UOB
...

Offline Application

Step 1: Download and complete the CDP application form on the SGX website.

The form can be found on the SGX website. Here’s the link for easy access.

Step 2: Print a photocopy of your Singapore NRIC, Malaysia Identification Card, or Passport.

Investors, both local and foreign, can open a CDP account.

Step 3: Attach one of the three following original documents or e-statements, dated within last 3 month, to your application form.

This can be either your bank statement from any of the Monetary Authority of Singapore (MAS) licensed banks

Or

Your Central Provident Fund (CPF) statement (available on the CPF website)

Or

Your Latest Notice of Assessment for Income tax (available on the IRAS website)

Step 4: Submit the signed application form and supporting documents through one of the following channels

https://dollarsandsense.sg/step-step-guide-...ount-singapore/

This post has been edited by abcn1n: Oct 28 2023, 10:26 PM

Thanks.

It seems that not necessary to fill in this part? Because they say the below:
"If you wish to receive such posts from the company, please provide a Singapore address."

If I try and fail then later if get a Singapore address then try again, don't know whether they will entertain. Anyway, I won't do it so soon as need to do some other things first. Have a list of things need to be done which would take quite some time and this is more towards the bottom

Yes, its true. I myself have roughly calculated that SGD appreciation around 2% or slightly lesser per year. In fact, the appreciation has been going down over the years except this round due to the economic, political situation. Most people don't realize this. They just see the last few years where RM decline a lot.

I myself always aware that if take EPF interest of 5.5-6+% versus 2+% for Singapore, after factoring the SGD appreciation, EPF is actually better off. The only thing is if you can earn 4% or more interest in SGD, then only worth it to convert to SGD. But bear in mind when bringing back to Malaysia, in the future, it may be taxed.


Never heard of Astrea bonds before. Guess we ikan bilis not entitled for it as it says funded by private equity

This post has been edited by abcn1n: Oct 31 2023, 04:06 PM

Thanks

Crazy. More than 4% yield for 4 weeks and 12 weeks.

Unlikely they will tighten in January as Fed unlikely to raise rates this Wed.