Market Features

 

SGS Market (Institutional)

  • Trading Basis: Prices quoted to two decimal places 
  • Transaction Size: Typically S$5 million
  • Trading Hours: 9.00am to 11.30am and 2.00pm to 4.30pm Singapore time (Monday to Friday)
  • Settlement date: T + 1
  • Clearing System: DVP basis over the MAS Electronic Payment System (MEPS+)

Domestic Interbank Money Market

  • Transaction Size: Typically S$20 million to S$50 million 
  • Trading Hours: 9.00am to 4.30pm Singapore time (Monday to Friday)
  • Settlement date: T + 1

Repo Market

  • Transaction Size: Typically S$25 million 
  • Trading Hours: 9.00am to 3.30pm Singapore time (Monday to Friday)
  • Settlement date: T + 1

Interest Rate Swaps Market

  • Transaction Size: Typically S$20 million 
  • Trading Hours: 8.30am to 5.00pm Singapore time (Monday to Friday)
  • Settlement date: T + 2 for trades dones before 11.00am and T+3 for trades dones after 11.00am