Application of T-bills from banks

Other then application of T-bills from POEMs, we can bid for T-bill from banks too. Here are the procedures to bid for T-bills for newbies from DBS bank (can also buy from OCBC & UOB):

1. On Thu afternoon check http://www.sgs.gov.sg/ and copy down Issue/ISIN codes and issue date

2. Goto a big DBS branch and ask the staff you want "To bid for new SGS Treasury Bills"

3. You will need to fill 2 forms, one is security account and one for deducting funds from DBS account

4. Fill in ssue/ISIN codes, issue date and how much you want to bid (in $1,000s)

5. You can select "non-Competitive" or "Competitive" bid, if donno select "non-Competitive"

6. The bank will process your forms (fax your bid to MAS)

7. DBS will not earmark anything from your account (UOB/OCBC will earmark 10-100% first)

8. On next Monday afternoon, check the yields from http://www.sgs.gov.sg/ and call DBS to check if your bids are accepted

9. You should ensure that your funds are in your DBS account on next Thu

10. DBS will try to deduct your $ in the morning and if failed, DBS will try to deduct in the afternoon

11. If not sufficient fund, DBS will charge you OD rate or DBS will advise you to sell the TBILL to them

12. If the yield is 99.232% (or 3.08%pa) and you bid for $10,000, you only need to pay $9923.2013. When T-bills mature in 3 months, $10,000 will be credited into your DBS account

Managing finance God's way

I read this article with interest as it talks about God's way to managing finance

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Managing Finances God’s Way - New Sunday School
February 13, 2007 - Category: Books, Biblical Finance

My church is starting a new Sunday School series called Managing Finances God’s Way. I’m pretty excited about starting this series because it gives our whole church a chance to be challenged and grow.

In addition to a DVD we will watch in each session, we will also have a supplemental workbook for study and discussion. This biblical finance study was co-developed by Crown Financial Ministries and Rick Warren’s Purpose Driven Ministries. Here are the topics we will be covering:

Intro. The Big Picture — Rick Warren
Session 1. Dedicate it All to God — Chip Ingram
Session 2. Plan Your Spending — Ron Blue
Session 3. Giving as an Act of Worship — Chip Ingram
Session 4. Saving and Investing — Ron Blue
Session 5. God’s Solution to Debt — Howard Dayton
Session 6. Enjoy What God Has Given You — Chuck Bentley

These looks like pretty applicable topics. Look forward to future posts about each lesson. I’ll be commenting and reviewing on each one as we study them in out Sunday School.