What are the fees for trading bonds

1. Transaction Fees

Transaction fees include commissions and platform fees, which are calculated as follows:

Commission: transaction nominal value * 0.2%

Platform fee: transaction nominal value * 0.04% (min USD 2 / SGD 3, max USD 15 / SGD 20) 

2. Custody Fees

Custody fees are charged after you buy a bond, based on the market value of your position, and will stop being charged after you sell the bond. They are frozen on a daily basis and are deducted on a monthly basis. Custody fees for a month are deducted early next month. The formula to calculate custody fees is as follows:

Custody Fee = Daily Market Value * 0.08% / 365

In particular, Market Value is calculated according to the mid-closing price (average of the Indicative Bid Price and the Indicative Ask Price).

The above fees are all exclusive of goods and services tax (GST).