P2P Funding Options and Start Dates

IMPORTANT NOTICE: When funding your Peer-to-Peer Fund Balance or settling an expiring Loan Contract, you must send/wire the funds from a bank account under your name. For Silver Bullion personal accounts, the funds must come from a personal bank account registered in your own name. For Silver Bullion joint accounts, the funds must come from a joint bank account, or a personal bank account registered under any joint account holders. For Silver Bullion business, trust, or IRA accounts, the funds must come from a bank account under the respective entity's name. We will reject incoming Peer-to-Peer Fund Balance funding coming from third parties.

Bank Payment Instructions

Click/tap on the flag representing the currency (SGD, USD, or EUR) of the P2P account you would like to fund.

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Disclaimer: Depending on the method used, wire transfers can take anywhere from several hours to several days (4-5 business days). To prevent delays and late fees, please initiate a transfer several days before a due date especially for international wire transfer (SWIFT). Eventual transfer fees, whether to or from your account, will be charged to your P2P account.

Funding by cash or cheque should be deposited directly to your nearest DBS branch or cash/cheque deposit machine.

1) International Wire Transfer (SWIFT)

Can be done from anywhere. Involves multiple bank charges, including a 5.00 SGD receipt charge by DBS.

SGD – Singapore Dollar

Bank Name DBS Bank
Branch Address 12 Marina Boulevard,
Marina Bay Financial Centre Tower 3
Singapore 018982
SWIFT Code DBSSSGSG or DBSSSGSGXXX
Account Name Silver Bullion P2P Client Account
Account Number 0039287569
Reference S.T.A.R. ID or Name

2) Singapore Domestic Wire Transfer

SGD GIRO can take 3 business days. SGD FAST is immediate but limited to 200K SGD, chargeable. SGD MEPS, latest next business day, chargeable. Intra DBS Bank transfers are free and immediate.

SGD – Singapore Dollar

Transfer Method FAST, MEPS, GIRO, DBS/POSB Intra-bank, TT
Bank Name DBS Bank
Bank Code 7171
Branch MBFC or Shenton Way
Branch Code 003
Account Name Silver Bullion P2P Client Account
Account Number 0039287569
Reference S.T.A.R. ID or Name

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Disclaimer: Depending on the method used, wire transfers can take anywhere from several hours to several days (4-5 business days). To prevent delays and late fees, please initiate a transfer several days before a due date especially for international wire transfer (SWIFT) and U.S. domestic wire transfer (Fedwire). Eventual transfer fees, whether to or from your account, will be charged to your P2P account.

Funding by cash or cheque should be deposited directly to your nearest DBS branch or cash/cheque deposit machine.

1) International Wire Transfer (SWIFT)

Can be done from anywhere. Involves multiple bank charges, including a 5.00 SGD (or USD equivalent) receipt charge by DBS.

USD – United States Dollar

Bank Name DBS Bank
Branch Address 12 Marina Boulevard,
Marina Bay Financial Centre Tower 3
Singapore 018982
SWIFT Code DBSSSGSG or DBSSSGSGXXX
Account Name Silver Bullion P2P Client Account
Account Number 0003022482013
Reference S.T.A.R. ID or Name

If your bank requires additional wiring details:

Correspondent Bank JPMorgan Chase Bank, N.A.
SWIFT CHASUS33

2) Singapore Domestic Wire Transfer

TT, chargeable. Intra DBS Bank transfers are free and immediate.

USD – United States Dollar

Transfer Method TT, DBS/POSB Intra-bank
Bank Name DBS Bank
Bank Code 7171
Branch MBFC or Shenton Way
Branch Code 003
Account Name Silver Bullion P2P Client Account
Account Number 0003022482013
Reference S.T.A.R. ID or Name

Permalink

Download as a PDF

Disclaimer: Depending on the method used, wire transfers can take anywhere from several hours to several days (4-5 business days). To prevent delays and late fees, please initiate a transfer several days before a due date especially for international wire transfer (SWIFT). Eventual transfer fees, whether to or from your account, will be charged to your P2P account.

International Wire Transfer (SWIFT)

Can be done from anywhere. Involves multiple bank charges, including a 5.00 SGD (or EUR equivalent) receipt charge by DBS.

EUR – Euro

Bank Name DBS Bank
Branch Address 12 Marina Boulevard,
Marina Bay Financial Centre Tower 3
Singapore 018982
SWIFT Code DBSSSGSG or DBSSSGSGXXX
Account Name Silver Bullion P2P Client Account
Account Number 0072003051013
Reference S.T.A.R. ID or Name

P2P Start Dates

During the Bidding Period lenders and borrowers publish their respective offers / requests and create loan contracts if they agree to each other’s terms. This is followed by the contract Loan Start when funds are credited / debited to the parties respective P2P accounts.

All dates and times are on Singapore Time (SGT) as follows:

Bidding Period Loan Start / Payout
15 - 21 Jun 2024 Saturday, 22 Jun 2024
22 - 30 Jun 2024 Monday, 01 Jul 2024
01 - 07 Jul 2024 Monday, 08 Jul 2024
08 - 14 Jul 2024 Monday, 15 Jul 2024
15 - 21 Jul 2024 Monday, 22 Jul 2024
22 - 31 Jul 2024 Thursday, 01 Aug 2024
01 - 07 Aug 2024 Thursday, 08 Aug 2024
08 - 14 Aug 2024 Thursday, 15 Aug 2024
15 - 21 Aug 2024 Thursday, 22 Aug 2024
22 - 31 Aug 2024 Sunday, 01 Sep 2024
01 - 07 Sep 2024 Sunday, 08 Sep 2024
08 - 14 Sep 2024 Sunday, 15 Sep 2024
15 - 21 Sep 2024 Sunday, 22 Sep 2024
22 - 30 Sep 2024 Tuesday, 01 Oct 2024
01 - 07 Oct 2024 Tuesday, 08 Oct 2024
08 - 14 Oct 2024 Tuesday, 15 Oct 2024
15 - 21 Oct 2024 Tuesday, 22 Oct 2024
22 - 31 Oct 2024 Friday, 01 Nov 2024
01 - 07 Nov 2024 Friday, 08 Nov 2024
08 - 14 Nov 2024 Friday, 15 Nov 2024
15 - 21 Nov 2024 Friday, 22 Nov 2024
22 - 30 Nov 2024 Sunday, 01 Dec 2024
01 - 07 Dec 2024 Sunday, 08 Dec 2024
08 - 14 Dec 2024 Sunday, 15 Dec 2024

NOTE

  • Bidding closes at 23:00 hours SGT the day before Loan Start. There will be a 1 hour non-bidding period before bidding for the next Loan Start begins.
  • Funds must be in your account by 12:01 AM SGT on the Loan Maturity Date. You must have enough funds in your P2P Account to cover your payment / repayment commitments for the current Loan Start. Because a Loan Maturity Date can fall on a bank holiday(s) and international bank transfers are often delayed, please fund your P2P account early.
  • As an alternative to sending funds, or if you unable to do so in time, you can "roll-over" a loan, pending availability, by obtaining a new loan from a lender based on offered terms. Loans can be obtained up to 1 hour before Loan Start date.
  • Should funds in your P2P account be insufficient to cover your loan commitments by 12:01 AM SGT on the Loan Maturity Date, you will be charged a late fee of 1.0% of the outstanding balance at payment due date and for every loan period thereafter. In such a case the Sweeper Fund will, pending funds availability, provide you with an intra-day loan to cover your payment commitments and prevent a contract breach.
  • If you require funds immediately and have an upcoming valid loan contract, a loan advance can be arranged.