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Recently I noticed that there was a new option in OCBC iBanking.

I was looking through the website and I saw this option:

Screenshot+from+2017-02-15+11%253A46%253A02

Seems like we can buy SGS from iBanking now!

Clicking on it, we get:

Screenshot+from+2017-02-15+11%253A46%253A13
Looks like even the Singapore Government Securities (SGS) are there!

For the ease for most people (no volatility) and considering SGSs are rather illiquid, I would discuss SSB for this post (I'll probably go for SSB myself).

Screenshot+from+2017-02-15+11%253A46%253A39


Looks like there's still a service charge of $2, but good thing is that there's no longer a need to go down to the ATM :)

Redeeming the bonds

Screenshot+from+2017-02-16+09%253A54%253A16

Just key in the date of issue (say, 11/2016),

Screenshot+from+2017-02-16+09%253A55%253A45


Looks pretty simple isn't it?

On a side note, since the purchase and redemption of SSB could be done on iBanking, why not add in Rights Issues as well? :D

What do you guys think?

EDIT (20 Feb 2017): A reader Youkang has also informed me that UOB iBanking has it now too! Thanks!

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