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you are in GROUP WHOLESALE BANKING
Convenient online bidding for COEs under LTA's Open Bidding scheme anywhere.
Draft your bids, submit multiple bids, and revise bids as often as you like.
Enquire COE prices, availability of COEs, number of bids and the bid status.
| Type of fees | Amount |
| Administration fee | S$10.90 (incl. GST) for every bid submission/revision made |
| Bid deposit (one-off) | Required for every new bid submitted as stipulated by LTA.
|
| Type of fees |
| Administration fee |
| Bid deposit (one-off) |
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 (onemotoring.lta.gov.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.
You can find out more about COE Open Bidding at LTA's One Motoring (onemotoring.lta.gov.sg).
Acknowledgement Code
This is the 6-digit code you will receive from LTA whenever you submit or revise a bid.
Administration Fee
S$10.80 (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)
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
Vehicle Category
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.
Note: For optimal user experience, you are recommended to access UOB COE Opening Bidding Service using the following system/browser combinations.
Note: For tablets/mobile Bidding Service using the following system/browser combinations:
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 (onemotoring.lta.gov.sg).
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.
Access codes limit:
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, which is is the maximum amount that you are prepared to pay in your bid for a COE for the specified vehicle category or enquire your bids statuses anytime during an exercise period.
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.
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.
Cancellation is not allowed once a bid is accepted by LTA's system.
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 (https://ocoe.lta.gov.sg/). 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 meanings of the different bid statuses are as follows:
Accepted
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.
Outbid
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.
Rejected by LTA
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).
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.
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 (https://ocoe.lta.gov.sg/) or through LTA's Open Bidding Phone System at +65 6362 1465.
Accounts & Services 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.
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