The sum of the competitive and non-competitive applications that may be allotted to an individual is capped at 15% of the issuance size of the T-bills auction.

In addition, the non-competitive application per individual is capped at S$1 million per T-bills auction. Please note that final allotment could be less than S$1 million per T-bills auction, if the total amount of non-competitive applications exceeds 40%, which will result in the T-bills being allotted to non-competitive applications on a pro-rated basis.