Singapore legislation

Section 12

of Local Treasury Bills Act 1923

Section 12

Confirmation of transaction

(1)

The Authority shall, following any transaction affecting book‑entry Treasury Bills maintained for any depositor under this Act, issue to each depositor a confirmation thereof in the form of an advice (serially numbered or otherwise).

(2)

The advice referred to in subsection (1) shall specify the amount and description of the book‑entry Treasury Bills and any other pertinent transaction data.