COE Open Bidding

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    A secure and convenient way to bid for COEs

Overview

UOB Open Certificate of Entitlement bidding service (OCOE) provides you with a secure and convenient online platform to bid for Certificates of Entitlement (COE) for vehicles during Land Transport Authority’s (LTA) bidding exercises.

Benefits

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Convenient Online Bidding

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Ease of Managing your Bids

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Real-time Access to Bidding Information

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  • Enjoy the convenience of online bidding for COEs under LTA's Open Bidding scheme anywhere.
  • Draft your bids prior to the start of the exercise and store them in online folders for easy management (for Motor Traders only)
  • Submit one or multiple bids at a single go, during the exercise period.
  • Revise bids upwards as often as you like, before the cut-off time.
  • Real-time access to LTA’s bidding system allows you to enquire the following:
    • Current COE prices
    • Availability of COEs for each category
    • Number of bids in each category
    • Bid status

Requirements/ Fees

  • Eligible for Corporate customers and Motor Traders with a UOB SGD Current Account
  • You will also require a computer with the following system requirements:
    • Windows 7 and above
    • Internet Explorer 8 and above
  • A one-time bid deposit, as stipulated by LTA, is required for every new bid submitted. The bid deposit is currently set at S$10,000 for Categories A, B, C and E, while the bid deposit for Category D is S$200.
  • Administration fee of S$10.70 (incl. GST) is charged for every bid submission/revision made.

FAQ

Frequently Asked Questions about COE Open Bidding

Details and Definitions

  • COE Open Bidding is a scheme launched by LTA to regulate the bidding of COEs by the public. Bidders can see the progress of the bidding while the exercise is in progress and can enquire on the current COE Price, total COE quota for each vehicle category and their bid status.
  • There are two COE Open Bidding exercises every month. Each bidding exercise will last for three days and the dates for the upcoming exercises will be announced at LTA's One Motoring website (www.onemotoring.com.sg).
  • LTA is the administrator and owner of the COE Open Bidding system, however, all bidding will have to be done via the participating banks. At UOB, COE Bidding is offered via UOB COE Open Bidding Service for Motor Traders and Corporate. (Please read the next few questions for more information)
TermMeaning
Acknowledgement Code This is the 6-digit code you will receive from LTA whenever you submit or revise a bid.
Administration Fee S$10.70 (Incl. GST).This is the fee collected by the Bank for processing your bid submission or bid revision.
Bid You may submit a bid in any vehicle category. However individuals are restricted to one bid only for each COE exercise.

Bid Status

(after it has been submitted to LTA)

 

StatusDescription
Accepted Your bid has been accepted based on last Current COE Price.
Outbid You have been outbid by other bidders with higher Reserve Price.
Successful You are one of the successful bidders after the result is released.
Unsuccessful Your bid is unsuccessful.

 

Current COE Price (CCP) This is the prevalent COE price reflected during the course of the COE bidding exercise.
Exercise Period This is the period when the public is allowed to submit their bids for motor vehicle COEs. The exercise period dates are always published on LTA's website prior to every bidding period.
Reserve Price (RP)

This is the amount you enter when you bid and it represents the maximum amount you wish to pay for a COE in that specified category.

Once a bidder has submitted his bid by indicating his reserve price, the system will automatically revise his bid upwards, at an increment of S$1, until his reserve price is reached. Once the current COE price is higher than the reserve price, the bidder is out of the running for a COE, unless he revises his reserve price. A bidder may revise his reserve price anytime during the exercise.

Revise Bid You may revise the Reserve Price of your bid as many times you like. Each revision must be in multiples of S$1 and only revisions to your Reserve Price are allowed.
Submission Status

 

StatusDescription
Accepted Your bid has been received by LTA's system for processing
Rejected by LTA LTA could not accept your bid. Multiple bids not allowed
Rejected by Bank Reserve Price is lower than Current COE Price during submission
Pending Waiting for confirmation of status from LTA.

 

Vehicle Category

 

COE CategoryDescription
A Cars with engine capacity up to 1,600cc and Maximum Power Output up to 97kW (130bhp)
B Cars with engine capacity above 1,600cc or Maximum Power Output above 97kW (130bhp)
C Goods Vehicles and Buses
D Motorcycles
E Open (all except motorcycle).

 


Getting Started

  • Your company is required to have a UOB SGD Current Account. In addition, you will need to apply for UOB COE Open Bidding Service.
  • To access the service, your company will need to have a PC running on Windows as well as an Internet connection (see Question 7 for more details).
  • You will need Microsoft Internet Explorer to access UOB COE Opening Bidding Service.

  • Here are the compatible Operating Systems and Browsers:
Operating System Internet Explorer (IE) Version
Windows XP IE8
Windows Vista IE8, IE9
Windows 7 IE9, IE10, IE11
Windows 8.1 IE10, IE11

Note: Please ensure that “uobgroup.com” is added to the compatibility view list in your IE.

  • To set up the Compatibility View setting on in IE browser:
      1. Open UOB OCOE Website
      2. Before logging in, click the Tools button in IE menubar, and click on Compatibility View settings.
      3. Click Add (to add uobgroup.com) and click Close.

 

  • An administration fee of S$10.70 (incl. GST) is debited immediately for every bid submission and also for every subsequent revision of the bid's Reserve Price.
  • A one-time bid deposit, as stipulated by LTA, is required for every new bid submitted. The bid deposit is currently set at S$10,000 for Categories A, B, C and E, while the bid deposit for Category D is S$200.

 

  • The bidding exercise is usually held twice a month - in the 1st and 3rd week of every month.
  • To check for upcoming bidding exercise schedule, you can refer to LTA's One Motoring (www.onemotoring.com.sg).


Submitting a Bid

Step 1: Apply for Access Codes and PINs to access UOB COE Open COE Bidding service.
Please note that COE Open Bidding Service is only available via the Internet.


Step 2: Login with your UOB COE Open COE Bidding service Access Code and PIN at www.uob.com.sg by selecting UOB Online Services Login > UOB COE Open Bidding.

Step 3: To submit a bid online, select Prepare/Submit Bids from the menu, then enter the Vehicle Category, the bid quantity and your Reserve Price (i.e. the maximum amount you are willing to pay). Select an account for the debiting of administration fee and bid deposit.
Please note down the 6-digit Acknowledgement Code issued by LTA for each bid submission and subsequent revisions for future reference purpose and revisions at other channels.

Step 4: You can also revise your Reserve Price upwards or enquire your bids statuses anytime during an exercise period.

  • Corporate customers:
    There is no limit.

    Motor Traders:
    There is no limit. Each Access Code is allowed to create a maximum of 30 folders, each containing a maximum of 15 bids per tender exercise.
  • An administration fee is debited immediately for every bid submission and also for every subsequent revision of the bid's Reserve Price.
    In addition, a one-time bid deposit (as stipulated by LTA) will be debited immediately for every bid submission. However, no further deduction of deposit will be made for subsequent revisions.

    Please ensure that there are sufficient funds in your account for the payment of bid deposits and administration fees. Your submission will be rejected immediately if there are insufficient funds in your account.
  • The bid deposits will be refunded into your account one working day after the release of bid results by LTA.
  • It is not necessary to make the payment through your UOB account. LTA will notify you on the payment methods for you to pay the remainder of your bid.
  • It is the maximum amount that you are prepared to pay in your bid for a COE for the specified vehicle category.
  • No. Cancellation is not allowed once a bid is accepted by LTA's system.
  • When the tender exercise is in-progress, you can only submit a bid anytime from 7am to 9:30pm. However, you can revise a bid anytime during the exercise period.
  • A 6-digit Acknowledgement Code will be issued by LTA's system for every successful bid submission or revision. Please do not release the Acknowledgement Code to other persons as it is used by LTA's system to identify you or your client (for motor traders) for subsequent bid revisions. A new Acknowledgement Code will be issued for every time you revise your bid.
  • You can revise the Reserve Price of your submitted bid through UOB. Alternatively, you may do so through the following channels:

If you are revising your bid through a channel that is different from the submission bank, you will need to enter the Acknowledgement Code for identification.
Please note that Motor Traders cannot perform bid revisions at a non-submission channel.

  • You can enquire your bid status through UOB COE Open Bidding Service. Alternatively, you can do so at LTA's Open Bidding website (http://www.lta.gov.sg/ocoe/index.html). Motor Traders are to enter your acknowledgement code and client's Bidder ID at LTA's website, while Corporate customers are to enter acknowledgement code and the ROC or ROB as Bidder ID.
  • The Bank will not be able to provide you with the Acknowledgement Code if you have lost or forgotten it. You can still revise your bid through UOB COE Open Bidding Service if you had earlier submitted the bid through this service. However, you will not be able to perform revision through other channels as your Acknowledgement Code is required for identification.
  • Under "Submission Status", it means that the bid has been received by LTA's system for processing. If it appears under "Bid Status", it implies that the bid is currently in the running for a COE.
  • If you see this phrase, it means that LTA's system is not able to accept the bid for processing. This could be because a bid had already been submitted in your Bidder ID or your client's Bidder ID (for Motor Traders).
  • It means that the existing bid is no longer in the running for a COE as the Current COE Price (CCP) is higher than the bid's Reserve Price during an exercise period.
  • You are advised to reconnect your Internet connection and perform a bid enquiry through UOB COE Open Bidding Service to confirm your bid status. Alternatively, you can do so at LTA's Open Bidding website (http://www.lta.gov.sg/content/lta/en/ocoe.html) or through LTA's Open Bidding Phone System at Tel: +65 6362 1465.
  • If you encounter any difficulties or have enquiries regarding the use of UOB COE Open Bidding Service, please feel free to call us at 1800 226 6121 or email us at Business.Internet.Banking@UOBgroup.com

Apply Now

Online Form

• For new subscribers

forms

If applicable*, please submit the application form along with the following resolution:

* The Accounts & Services Resolution is required for corporations/limited liability partnerships/
partnerships/societies/associations/clubs/management corporations that have not executed the Accounts & Services Resolution previously.

• For existing subscribers

apply

 

Call Us

phone

Call us at 1800 226 6121 (Mondays to Fridays, 9.00am to 6.30pm, excluding public holidays)