Note: Please read this article to learn about new features added for T-Bills.
Due to the recent bearish market, many investors are looking for safer opportunities. It seems like the popular investment among many StocksCafe users now are T-Bills. After receiving several requests for StocksCafe to support them, I decided to spend my weekend implementing a simple way for StocksCafe to support Singapore T-Bills.
How to Track T-Bills in StocksCafe?
All you need to do is create a Buy transaction when your bid is successful and create a Sell transaction when you sell it or it reaches maturity
Note: At the moment, only the desktop version supports the entering of T-Bills transactions.
How to fill in the Buy transaction fields?
StockCode: Please enter the Issue Code with prefix SBILL. e.g. SBILL:BS22118H for the 6-months T-Bill with issue date “20 Sep 2022”.
Note: You must prefix with SBILL and also use the 8 digit alphanumeric issue code.
Date: Please enter the issue date.
Number of Shares: Each bill is worth $100. So if you bought $1000, you should enter 10 here.
Price per Share: Enter the cut-off price. e.g. For issue code BS22118H, it is 98.345.
After the purchase, StocksCafe will simply assume that the market price of it to be $100. I understand that there is a secondary market for you to sell it but it is not easy to get this data and also in theory, it should be a gradual appreciation from the discounted price (e.g. $98.345) to $100 over the tenure period (e.g. 6 months).
To keep things simple, the simplistic assumption of the market price being $100 will be made.
How to fill in the Sell transaction fields?
Everything is the same as in the Buy transaction except:
Date: Either the date you sold it on the secondary market or the maturity date.
Price per Share: The price you sold it for on the secondary market or 100 if you left it till maturity.
Disclaimer: I have never bid on nor invested in T-Bills so this was implemented to the best of my understanding. Please let me know if you see any issues with it.
Happy T-Billing!
