In a uniform-price auction, successful application bids get T-bills at the Cut-off Yield and Cut-off Price. The Cut-off Yield is the highest accepted yield of successful competitive applications, and the Cut-off Price is the price corresponding to the Cut-off Yield.

Non-Competitive Bids: You may check the "% of Non-Competitive Applications Allotted" for the percentage of allotment given to non-competitive applications for the auction.

Competitive Bids: If you have placed a competitive bid at the Cut-off Yield, you may check the "% of Competitive Applications at Cut-off Allotted" for the percentage of allotment given to applicants who bid exactly at the Cut-off Yield for the auction.

Note: In the event of over-subscription, individual allotments will be adjusted on a randomised basis to ensure allotments are in denomination of S$1,000.

For more information on competitive bidding behavior for an auction, you can refer to:

• Median Yield, which refers to the yield corresponding to the median of successful competitive applications.
• Average Yield, which refers to the sum product of the amount of successful competitive applications and the respective application yields, divided by the total amount of successful competitive applications.