Singapore legislation
Regulation 24
of Government Securities (Debt Market and Investment) Regulations 2023
Regulation 24
Interest payments for book-entry Government securities
Subregulation 1
Interest on any book-entry Government security must be credited into the appropriate account for book‑entry Government securities maintained by the Authority —
for the owner of such security; or
for the depositary institution which holds the book‑entry Government security for the account of the owner.
Subregulation 2
Where interest on any book-entry Government security is credited into an account of book‑entry Government securities maintained by the Authority for a depositary institution which holds the book‑entry Government security for the account of the owner thereof, the depositary institution must immediately credit the interest into the appropriate account of the owner of the book‑entry Government security maintained at that institution.