ASEAN+3 bond market guide 2016 : Singapore

Abstract

Cover -- Title -- Copyright -- Contents -- Tables and Figures -- Tables -- 2.1 Examples of Securities Market Legislation in Each Legislative Tier -- 2.2 Authorities Involved in Regulatory Processes by Corporate Issuer Type -- 3.1 Characteristics of Singapore Government Securities -- 3.2 Segmentation of the Market-Outstanding Value by Type of Bond or Note -- 3.3 Singapore Government Securities Auction-Summary of Conduct -- 4.1 Singapore Exchange Securities Trading Hours -- 6.1 Monetary Authority of Singapore Enhanced Electronic Payment System Transaction Fees -- 6.2 Transaction Fees of the Central Depository (Pte.) Ltd. -- 6.3 Duties and Taxes on Fixed-Income Securities in Singapore -- A1 Group of Thirty Recommendations-Compliance for Singapore -- Figures -- 1.1 Local Currency Bonds Outstanding in Singapore -- 1.2 Foreign Currency Bonds Outstanding in Singapore -- 2.1 Regulatory Process Map-Overview -- 2.2 Offers and Prospectuses Electronic Repository and Access Homepage -- 2.3 Singapore Exchange Rulebooks and Activities -- 3.1 Time Line for Singapore Government Securities Mini-Auctions -- 3.2 Illustration of the Singapore Savings Bonds Allotment Process -- 3.3 Overview of Singapore Exchange Listing Rules for Debt Securities -- 3.4 Regulatory Process-Listing on Singapore Exchange Wholesale Bonds -- 3.5 Singapore Exchange Web Page for Evaluated Bond Price Service -- 4.1 Singapore Government Securities Homepage -- 4.2 Singapore Government Securities Prices Web Page Closing Yields -- 4.3 AsianBondsOnline Web Page of Singapore Government Securities Yield Curve for Selected Periods -- 4.4 Standard & Poor's Web Page of Singapore Corporate Bond Index -- Foreword -- Acknowledgments -- Abbreviations -- I. Overview -- A. Introduction -- B. Evolution of the Singapore Bond Market -- C. Regional Cooperation -- II. Legal and Regulatory FrameworkA. Legal Tradition -- B. English Translation -- C. Legislative Structure -- D. Singapore Bond Market Regulatory Structure -- E. Key Legislation and Regulations for Debt Securities -- F. Debt Securities Issuance Regulatory Processes -- G. Continuous Disclosure Requirements in the Singapore Market -- H. Self-Regulatory Organizations in the Singapore Market -- I. Registration and Licensing of Market Participants -- J. Trading Rules and Conventions -- K. Singapore Exchange Rules Related to Bond Listing, Disclosure, and Trading -- L. Market Entry Requirements (Nonresidents) -- M. Market Exit Requirements (Nonresidents) -- N. Regulations and Limitations (Nonresidents) -- O. Regulations on Credit Rating Agencies -- III. Characteristics of the Singapore Bond Market -- A. Definition of Securities -- B. Types of Bonds and Notes -- C. Money Market Instruments -- D. Segmentation of the Market -- E. Methods of Issuing Bonds and Notes (Primary Market) -- F. Governing Law and Jurisdiction (Bond and Note Issuance) -- G. Language of Documentation and Disclosure Items -- H. Registration of Debt Securities -- I. Listing of Debt Securities -- J. Methods of Trading Bonds and Notes (Secondary Market) -- K. Bond and Note Pricing -- L. Transfers of Interests in Bonds and Notes -- M. Market Participants -- N. Definition of Professional Investors -- O. Credit Rating Requirements -- P. Financial Guarantee Institution -- Q. Market Features for Investor Protection -- R. Bond Trustee and Trust Deed -- S. Bankruptcy Procedures -- T. Event of Default and Cross-Default -- IV. Bond and Note Transactions and Trading Market Infrastructure -- A. Trading of Bonds and Notes -- B. Tendering Platform for Singapore Government Securities (SGS eApps) -- C. Trading Platforms -- D. Mandatory Trade Reporting -- E. Market Monitoring and Surveillance in the Secondary MarketF. Bond Information Services in Singapore -- G. Yield Curves and Bond Indices -- H. Repo Market -- I. Securities Borrowing and Lending -- J. Interest Rate Futures -- V. Description of the Securities Settlement System -- VI. Bond Market Costs and Taxation -- A. Costs Associated with Bond and Note Issuance -- B. Costs for Listing of Corporate Bonds and Notes -- C. Ongoing Costs for Issuers of Corporate Bonds and Notes -- D. Costs for Deposit and Withdrawal of Bonds and Notes -- E. Costs for Account Maintenance -- F. Costs Associated with Bonds and Notes Trading -- G. Costs for Settlement and Transfer of Bonds and Notes -- H. Taxation Framework and Requirements -- VII. Market Size and Statistics -- VIII. The Singapore Islamic Bond Market -- A. Development of Islamic Finance in Singapore -- B. Regulatory Approach for Islamic Finance -- C. Sukuk Issuance in Singapore -- D. Infrastructure for Sukuk -- IX. Singapore Bond Market Challenges and Opportunities -- A. Challenges in the Singapore Bond Market -- B. Opportunities in the Singapore Bond Market -- X. Recent Developments and Future Direction -- A. Recent Major Developments -- B. Future Direction -- Appendixes -- 1 Group of Thirty Compliance -- 2 Practical References -- 3 Glossary of Technical Terms