Singapore legislation
Regulation 28
of Government Securities (Debt Market and Investment) Regulations 2023
Regulation 28
Payment for allotted Government securities or Treasury Bills
Subregulation 1
Any payment for Government securities or Treasury Bills allotted under Part 3 or 4 has to be made by way of a pre‑authorised funds transfer to the Authority from the account of the applicant’s settlement bank specified in the application, in accordance with the terms of authorisation provided to the Authority by the settlement bank.
Subregulation 2
The payment mentioned in paragraph (1) must be made on the date specified in the public notice relating to the relevant issue of the Government securities or Treasury Bills.