Guide To Online Wholesale Bonds Trading

Timothy Ang  |   11 Sep 2020  |    161 views

Online trading has made our trading experience a much more convenient and efficient one. It allows us to spend less time to get our bond quotes, and it allows us to manage our whole portfolio all in a single platform. Not only can we benefit from trading online, but it’s also easy to learn. Here’s a step by step guide on how to trade wholesale bonds online on our POEMS 2.0 trading platform.

How to trade bonds online


  • Open a trading account

You’ll need a trading account to trade bonds on POEMS. Not yet an account holder? Open an account here. Unsure on what type of account to open? You may contact our bond desk at +65 6212 1818 to learn more about our account types.


  • Log in to POEMS 2.0

Upon set up of your trading account, you may now log in to the POEMS 2.0 trading platform here. You’ll be brought to a dashboard like this. If you’re not already on it, click on the ‘Prices (LP1)’ tab, and then select the ‘Bonds’ tab.


  • Find an issuer or bond

Under the ‘Bonds’ tab you’ll be able to view bond quotes and search for bond issuers, currencies and individual bonds. Our bond prices are refreshed daily based on indicative prices directly from our counterparties. On the screen, you’ll see important bond information displayed, including the issuer, coupon, call and maturity dates, yields, and most importantly bid and offer prices.

To search for bonds via their issuers, click on the issuer dropdown at the top left corner to scroll through the list sorted by alphabetical order. You may narrow the list further by selecting a specific currency on the currency dropdown list to the right beside.


To search for individual bonds, you may scroll through the list on the screen or sort using the various criteria such as coupon rates, yields or issuer names. Alternatively, you may use the dynamic search bar on the top right by typing the bond name or issuer. A list of bonds will appear dynamically based on your input.


  • Placing a bond order

Once you’ve found the bond you’re looking to trade, simply double click it or right click and select trade and the trade window will appear. Here, you’ll be able to input your order details including to buy or sell, your desired price or yield, and the nominal amount or number of lots to trade. Once your details are inputted, you’ll be able to see the settlement details of the trade, including the settlement amount and accrued interest payable or receivable. Your trade is ready to be placed by keying in your password and clicking the bottom buy or sell button. **Note for Bonds50 the nominal amount will be 50,000 as they trade in a smaller minimum denomination. Learn more here!


  • Withdrawing your order

After submitting your order, it will be routed to our bond desk for execution. Meanwhile, you’ll be able to view your order under the ‘Order Status’ tab. Here you’ll be able to withdraw your order by selecting your order via the left side checkbox and clicking on withdraw at the top right corner. You will not be able to amend bond orders.


  • Confirmation of your order completed

When the bond desk has successfully executed your bond order, you’ll receive a confirmation in your ‘Order Status’ tab and to your email. If your order was not successful, no notification will be sent on the platform, however you may receive a notification from your respective financial advisors about the order.


  • Contract settlement

Depending on your trading account credit terms, you may or may not be eligible to purchase bonds without prefunding on your account. If your account has been prefunded prior to a bond purchase, the funds will be automatically deducted from your trading account on the settlement date. Otherwise, you will need to deposit the funds into your trading account for payment accordingly. Deposits can be done via Electronic Payment for Shares (EPS) or cheque deposits. For sell trade settlements, sales proceeds will be credited into your trading account automatically.


  • POEMS Mobile App

Unfortunately, we do not currently have bonds trading facilities on our POEMS Mobile Application (downloadable on Google Play or the App Store). Development is underway and we look forward to providing investors will even more convenience with their bond trades.

Bottom Line

And that’s the whole process of trading wholesale bonds online. Try it out, get your bond quotes and place your trades online. Of course, we don’t have to check bond prices as often as people do for stocks because it’s less volatile, but it’s always good to have the option of viewing bond prices at our convenience online. And while we are available online, we will always be available offline to serve all of our clients.



Related Articles

Groupe BPCE 5% 10NC5 Tier 2 SGD

Groupe BPCE recently announced the issuance of its 10NC5 Tier 2 notes at a final price guidance of 5%.

Shawn Sng  |   27 Feb 2024

HSBC – Growth supported by higher rates

In FY202, HSBC growth was supported by higher rates and has reported a growth in its revenue of 30% YoY

Shawn Sng  |   23 Feb 2024

UBS Group 5.75% NC5.5 AT1 SGD

UBS Group recently announced the issuance of its NC5.5 Additional Tier 1 perpetual notes at 5.75%.

Shawn Sng  |   16 Feb 2024


These commentaries are intended for general circulation. It does not have regard to the specific investment objectives, financial situation and particular needs of any person who may receive this document. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person acting based on this information. Opinions expressed in these commentaries are subject to change without notice. Investments are subject to investment risks including the possible loss of the principal amount invested. The value of the units and the income from them may fall as well as rise. Past performance figures as well as any projection or forecast used in these commentaries are not necessarily indicative of future or likely performance. Phillip Securities Pte Ltd (PSPL), its directors, connected persons or employees may from time to time have an interest in the financial instruments mentioned in these commentaries. Investors may wish to seek advice from a financial adviser before investing. In the event that investors choose not to seek advice from a financial adviser, they should consider whether the investment is suitable for them.

The information contained in these commentaries has been obtained from public sources which PSPL has no reason to believe are unreliable and any analysis, forecasts, projections, expectations and opinions (collectively the "Research") contained in these commentaries are based on such information and are expressions of belief only. PSPL has not verified this information and no representation or warranty, express or implied, is made that such information or Research is accurate, complete or verified or should be relied upon as such. Any such information or Research contained in these commentaries are subject to change, and PSPL shall not have any responsibility to maintain the information or Research made available or to supply any corrections, updates or releases in connection therewith. In no event will PSPL be liable for any special, indirect, incidental or consequential damages which may be incurred from the use of the information or Research made available, even if it has been advised of the possibility of such damages. The companies and their employees mentioned in these commentaries cannot be held liable for any errors, inaccuracies and/or omissions howsoever caused. Any opinion or advice herein is made on a general basis and is subject to change without notice. The information provided in these commentaries may contain optimistic statements regarding future events or future financial performance of countries, markets or companies. You must make your own financial assessment of the relevance, accuracy and adequacy of the information provided in these commentaries.

Views and any strategies described in these commentaries may not be suitable for all investors. Opinions expressed herein may differ from the opinions expressed by other units of PSPL or its connected persons and associates. Any reference to or discussion of investment products or commodities in these commentaries is purely for illustrative purposes only and must not be construed as a recommendation, an offer or solicitation for the subscription, purchase or sale of the investment products or commodities mentioned.

Contact us to Open an Account

Need Assistance? Share your Details and we’ll get back to you


This material is provided by Phillip Capital Management (S) Ltd (“PCM”) for general information only and does not constitute a recommendation, an offer to sell, or a solicitation of any offer to invest in any of the exchange-traded fund (“ETF”) or the unit trust (“Products”) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. You should read the Prospectus and the accompanying Product Highlights Sheet (“PHS”) for key features, key risks and other important information of the Products and obtain advice from a financial adviser (“FA“) pursuant to a separate engagement before making a commitment to invest in the Products. In the event that you choose not to obtain advice from a FA, you should assess whether the Products are suitable for you before proceeding to invest. A copy of the Prospectus and PHS are available from PCM, any of its Participating Dealers (“PDs“) for the ETF, or any of its authorised distributors for the unit trust managed by PCM.  

An ETF is not like a typical unit trust as the units of the ETF (the “Units“) are to be listed and traded like any share on the Singapore Exchange Securities Trading Limited (“SGX-ST”). Listing on the SGX-ST does not guarantee a liquid market for the Units which may be traded at prices above or below its NAV or may be suspended or delisted. Investors may buy or sell the Units on SGX-ST when it is listed. Investors cannot create or redeem Units directly with PCM and have no rights to request PCM to redeem or purchase their Units. Creation and redemption of Units are through PDs if investors are clients of the PDs, who have no obligation to agree to create or redeem Units on behalf of any investor and may impose terms and conditions in connection with such creation or redemption orders. Please refer to the Prospectus of the ETF for more details.  

Investments are subject to investment risks including the possible loss of the principal amount invested. The purchase of a unit in a fund is not the same as placing your money on deposit with a bank or deposit-taking company. There is no guarantee as to the amount of capital invested or return received. The value of the units and the income accruing to the units may fall or rise. Past performance is not necessarily indicative of the future or likely performance of the Products. There can be no assurance that investment objectives will be achieved.  

Where applicable, fund(s) may invest in financial derivatives and/or participate in securities lending and repurchase transactions for the purpose of hedging and/or efficient portfolio management, subject to the relevant regulatory requirements. PCM reserves the discretion to determine if currency exposure should be hedged actively, passively or not at all, in the best interest of the Products.  

The regular dividend distributions, out of either income and/or capital, are not guaranteed and subject to PCM’s discretion. Past payout yields and payments do not represent future payout yields and payments. Such dividend distributions will reduce the available capital for reinvestment and may result in an immediate decrease in the net asset value (“NAV”) of the Products. Please refer to <> for more information in relation to the dividend distributions.  

The information provided herein may be obtained or compiled from public and/or third party sources that PCM has no reason to believe are unreliable. Any opinion or view herein is an expression of belief of the individual author or the indicated source (as applicable) only. PCM makes no representation or warranty that such information is accurate, complete, verified or should be relied upon as such. The information does not constitute, and should not be used as a substitute for tax, legal or investment advice.  

The information herein are not for any person in any jurisdiction or country where such distribution or availability for use would contravene any applicable law or regulation or would subject PCM to any registration or licensing requirement in such jurisdiction or country. The Products is not offered to U.S. Persons. PhillipCapital Group of Companies, including PCM, their affiliates and/or their officers, directors and/or employees may own or have positions in the Products. Any member of the PhillipCapital Group of Companies may have acted upon or used the information, analyses and opinions herein before they have been published. 

This advertisement has not been reviewed by the Monetary Authority of Singapore.  


Phillip Capital Management (S) Ltd (Co. Reg. No. 199905233W)  
250 North Bridge Road #06-00, Raffles City Tower ,Singapore 179101 
Tel: (65) 6230 8133 Fax: (65) 65383066