Buy and Sell on the Secondary Market
Before you participate in the SGS secondary market, you will need:
- A trading account with a securities brokerage firm, if you wish to trade Singapore Government Securities (SGS) bonds on the Singapore Exchange (SGX)
- An Individual Central Depository (CDP) account, if you don't have one already, CDP is the custodian for your SGS holdings.
Ways to Buy and Sell
You can buy and sell SGS on the Singapore Exchange (SGX) or at dealer banks.
Note: Price in the secondary market may change from day to day according to market conditions. If you sell your SGS before maturity, the price may be higher or lower than what you paid for them.
Trade on SGX
If your SGS bonds are held in your CDP accounts, you can trade them on the SGX through your broker.
You can use the same individual CDP and securities trading accounts that you use for trading stocks.
- Fees
- Trading on the SGX has transaction and brokerage costs.
- Trading hours
- From 9am to 5pm, with a break from 12pm to 1pm.
- Prices
- View prices of SGS bonds on SGX.
Why are the different prices quoted for a bond?
SGS bond prices quoted on the SGX are market prices and include accrued interest (known as the 'dirty prices'). However, the daily closing prices shown on the SGS website are bid rates quoted by primary dealers. These exclude any accrued interest (the 'clean prices').
Trade at Dealer Banks
After You Trade
You purchase or sale of SGS will be reflected in your brokerage account and in your CDP account.