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Why was my application unsuccessful?
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Source: https://www.mas.gov.sgThere are a few possible reasons why your application was unsuccessful. Some common reasons include:
- Joint CDP accounts cannot be used to buy T-bills. You will need to have an individual CDP Securities account as a holding account to deposit your allotted T-bills.
- Invalid or incorrect CDP account number entered during the application.
- The CDP account used does not have Direct Crediting Service activated.
In addition, please note that there is an allotment limit of S$1 million per individual per T-bills auction for non-competitive applications.
You may wish to check with your bank for the exact reason(s) why your application was rejected.
This information provided here is sourced from the MAS website.
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