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Can you help me understand the names and the issue codes for Savings Bonds?
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Source: https://www.mas.gov.sg- Savings Bonds are issued monthly and are thus identified by the year and month they were issued. This means that the bond’s issuance year and month will be shown when you apply for or redeem Savings Bonds at ATMs or via internet banking portals. The bond’s issuance year and month will also be shown in CDP and SRS statements which state your Savings Bonds investments. Lastly, bank statement and SRS accounts would reflect the name of the Savings Bonds when you receive your coupons and principal.
- For instance, when you apply for the Savings Bond which would be issued on 1st Oct 2015, the ATM screen will show “GX15100F issued on 10/15”. Subsequently, your CDP account will show the bond as “SBOCT15 GX15100F”. Interest payments and redemptions will show in your bank statement as “CDP-SBOCT15”.
- GX15100F is the unique issue code assigned by MAS. The first two letters, “GX”, denote that this is a Savings Bond. The next four numbers show the year and month the bond was issued, e.g. “GX15100F” is the bond issued in Oct 2015. The last digit (“0”) and alphabet (“F”) are for MAS’ internal reference.
- Finally, SGX assigns each Savings Bond an ISIN (“International Securities Identification Number”), in line with international practices for securities.
This information provided here is sourced from the MAS website.
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