Buying Bonds

The formula is: [(Nominal Value * Indicative Price) / 100] + Processing Fee (based on nominal value) + Indicative Accrued Interest

Example:

Bond name: AAREIT 4.350% 05Dec2019 Corp (SGD)
Nominal Value/Investment amount: SGD 250,000
Indicative price: SGD105.69
Indicative Accrued Interest: SGD 4,772.92
Date to place the order: 5th May 2015 
Processing Fee (based on nominal): 0.35% (subject to min SGD 10) and 0.1% for bonds and SGS order respectively

[(SGD 250,000 * 105.69)/100] + (250,000 * 0.35%) + SGD 4,772.92
= 264,225 + 875 + 4,772.92
= SGD 269,872.92 (estimated amount payable)

Important Note:
To enable the processing of the Bond Purchase order, we will include a 3% buffer for Range Order and 5% buffer for Market Order (excluding Limit Order) into the final estimated payment amount when you place the buy order online. This buffer is to cater for changes of market prices, accrued interest and/ or currency conversion.

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