Corporate Investment > Investment Services > Fixed Income

Fixed Income

Treasury Bills

What are Treasury Bills?
SGS Treasury Bills (T-Bills) are short-term debt securities that are issued by the Singapore Government. The tenors for T-Bills range from 7 days to 1 year.

How does it work?
T Bills don’t pay out interest. Rather the interest is included in the price discount.

How do I buy or sell?
Online in our POEMS website. But we have two requirements: You need to open a Cash Management account and agree to receiving contracts via e-mail.

How do I make payment?
We will deduct funds from client’s Cash Management account. So prior to purchase, client must ensure that there are sufficient funds in the account.

Client can transfer money into their Account through the following ways:
• Submission of cash or cashier’s order at our main office on the 6th floor of the Phillip Investor Centre at Raffles City (Tower B);
• Funds transfer through the ATM machine via Electronic Payment of Shares (EPS);
• Submission of cheque addressed to “Phillip Securities Pte Ltd”, quoting the customer’s account number and remisier’s code number at the back of the cheque. Cheque must be submitted 2 business days before purchase date to allow for sufficient clearing period.

How to withdraw?
Upon maturity, client’s funds will be automatically credited back to your account. To withdraw interests/principal, clients can submit a form that is available on POEMS log-in page (click on Stocks -> Account Management -> Online forms - at side navigation) and at the cashier counter at our Raffles City’s Phillip Investor Centre.

In the form, client can indicate his preference of receiving his money. The following options are available:
• By Cheque
A) Clients can personally collect cheque from the cashier counter at Raffles City;
B) Clients can instruct their Trading Representatives to do a quick cheque deposit into their bank accounts; or
C) Clients can opt for cheque to be posted to their mailing address.
• Funds can be directly credited into client’s POSB/DBS bank accounts (Only these 2 banks are applicable for direct crediting).
• Telegraphic Transfer (handling fee of $10.70), useful for overseas clients.