P2P Funding Options and Start Dates
Bank Payment Instructions
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 |
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) U.S. Domestic Wire Transfer (Fedwire) – USD only
Note: Only for funding, we are unable to send funds to customer accounts via this option.
Please do not indicate the purpose of transfer as “Loan repayment”.
If you are transferring funds from a U.S. based USD account, this option allows you to fund your P2P balance via a bank-to-bank domestic transfer in the United States. providing a simple, reliable and less expensive way of initiating payments electronically.
Advantages:
- International wire transfer is a tedious and time consuming process and has to be done during the bank's business hours and sometimes even require your physical presence at the bank. A domestic interbank transfer can be easily made using your bank's mobile/internet banking services.
- International wire transfers are costly due to high banking fees. The domestic interbank transfer will cost a small fraction of an international SWIFT transfer.
- The transfer is easier for bank staff to process and therefore more reliable.
USD – United States Dollar
| Bank Name | Citibank |
| Bank Address | 111 Wall Street, New York, NY 10005, USA |
| SWIFT/BIC Code | CITIUS33 |
| ABA Routing Number | 031100209 |
| USD Account Number | 77722200928821079 |
| Account Name | Silver Bullion Pte Ltd |
| Add Reference | S.T.A.R. ID as reference/comment |
Note*** We cannot accept Billpay, cash, checks or cashiers checks. CHIPS UID if required is 239822*.
Please advise us through e-mail or secure notification that the transfer is to be credited to your P2P account.
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 |
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 Apr 2024 | Monday, 22 Apr 2024 |
| 22 - 30 Apr 2024 | Wednesday, 01 May 2024 |
| 01 - 07 May 2024 | Wednesday, 08 May 2024 |
| 08 - 14 May 2024 | Wednesday, 15 May 2024 |
| 15 - 21 May 2024 | Wednesday, 22 May 2024 |
| 22 - 31 May 2024 | Saturday, 01 Jun 2024 |
| 01 - 07 Jun 2024 | Saturday, 08 Jun 2024 |
| 08 - 14 Jun 2024 | Saturday, 15 Jun 2024 |
| 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 |
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.