Phillip Securities - First to Launch Online Sale of Treasury Bills in Singapore

Phillip Securities Pte Ltd - a member of PhillipCapital - is the first in Singapore to launch the online sale of Singapore Government Treasury Bills (T Bills), via its Internet trading platform – Phillip’s Online Electronic Mart System (POEMS). Retail investors can now buy/sell this low risk, high interest investment product at a mouse click away, with a minimum investment of $1,000.

2 T Bills are basically securities issued by the Singapore government. They work like a savings product, similar to Fixed Deposits, which reward the investors with interest rates at the end of an agreed term.

3 For people who are looking for a short-term investment that provides a good yield, T Bills are good choice as they provide higher interest rate than simple Fixed Deposits. These T Bills also represent a low risk investment as they are issued by the Singapore government, who enjoys the highest possible credit rating (AAA/Aaa) by international agencies.

How do Treasury Bills differ from Fixed Deposits?
4 The table below summarizes the key differences between Fixed Deposits and T Bills:

	FIXED DEPOSITS	TREASURY BILLS
Who pays the interest?	Banks	Government
Lock In Period?	Yes	No
What happens if I break my contract?	Typically, interest is forfeited.	Only the interest for the remaining period will be forfeited.
Any minimum Size?	Depends on respective package.	A single board lot is 1,000 units which works out to less than $1,000.
Any Charges?	Typically, administrative fee	No

5 “Over the past years since 2004, we have seen a reversal of trend. T Bills are now offering a higher interest rate than simple Fixed Deposits with no strings attached. Currently, the three-month T Bills are offering an attractive interest rate of about 2.7% - 3%. With the launch of T Bills on the POEMS Internet platform, I am confident that T Bills will prove to be a hit with the investing public” said Mr Jeffrey Goh, Director & Head of Capital Markets, Phillip Securities Pte Ltd.

6 To get started, customers must first open an account with Phillip Securities Pte Ltd. With the account, they can enjoy (i) online purchase/sale of T Bills, with real-time quoted prices; (ii) painless early withdrawal; (iii) transactions with no commission or clearing fee; and (iv) tenors which are available from 7 to 91 days.

7 Public who need more information can visit www.poems.com.sg or call 65311 555.

About PhillipCapital
PhillipCapital is a group of companies which offers a full range of quality and innovative financial services to retail, corporate and institutional customers. PhillipCapital is an integrated financial services provider with more than 2500 staff in Asia and Europe and total shareholders’ funds in excess of US$300 million.

We provide a comprehensive suite of financial services to individual and corporate investors as well as institutions. Our services range from fund management, unit trusts, hedge funds, insurance planning, mortgage loans, investment research and broking in bond, securities, futures, foreign exchange, precious metals and commodities. Institutions can also benefit from our corporate finance and advisory services as well as information technology solutions.

For media queries, please contact

Ms Daphne Lim
Manager, Corporate Communications
Phillip Securities Pte Ltd
Tel: (65) 6531 1569
Email: daphnelimyl@phillip.com.sg

OR

Ms Amy Foo
Assistant Manager, Corporate Communications
Phillip Securities Pte Ltd
Tel: (65) 531 5433
Email: amyfoo@phillip.com.sg