For Wholesale Bonds
The formula is: [(Nominal Value * Indicative Price) / 100] + Indicative Accrued Interest + Processing Fee (based on nominal value)
Example:
Bond Name: AAREIT 4.350% 05Dec2019 Corp (SGD)
Nominal Value: SGD 250,000
Indicative Price: SGD 105.69
Indicative Accrued Interest: SGD 4,772.92
Order Placement Date: 11th of Nov 2016
Processing Fee: 0.5% of nominal value, or subject to min SGD 35
[(SGD 250,000 * 105.69) / 100] + SGD 4,772.92 + (250,000 * 0.5%)
= 264,225.00 + 4,772.92 + 1,250.00
= SGD 270,247.92 (estimated amount payable)
= SGD 278,355.36 (final estimated amount after 3% buffer)
Important Note:
We will include 3% buffer into the final estimated payment amount when you place the buy order online. This buffer is to cater for changes in market prices, accrued interest and / or fluctuation in currency conversion. The residue amount will be credited back to your cash account.
For bond express transaction involving no foreign exchange conversion, no buffer is taken.
For Retail Bonds
The formula is: [(Nominal Value * Indicative Price) / 100] + Indicative Accrued Interest + Processing Fee (based on nominal value)
Example:
Bond Name: CIMBMK 5.800% Perpetual Corp (MYR)
Nominal Value: MYR 1,000
Indicative Price: MYR 102.424
Indicative Accrued Interest: MYR 21.13
Order Placement Date: 2nd of April 2019
Processing Fee: 0.5% of nominal value, or subject to min MYR 8.80
[(MYR 1,000 * 102.424) / 100] + MYR 21.13 + min of [(1,000 * 0.5%) OR MYR 8.80]
= MYR 1,024.24 + MYR 21.13 + MYR 8.80
= MYR 1054.17
Important Note
We will include 3% buffer into the final estimated payment amount when you place the buy order online. This buffer is to cater for changes in market prices, accrued interest and / or fluctuation in currency conversion. The residue amount will be credited back to your cash account.
For bond express transaction involving no foreign exchange conversion, no buffer is taken.