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.
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.
Frequently Asked Questions about COE Open Bidding
Details and Definitions
Term | Meaning | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 |
|
Getting Started
Browsers (Minimum Version) | |||
Google Chrome 100+ | Microsoft Edge 100+ | ||
Operating System | Windows 10 | Y | Y |
Browsers (Minimum Version) | |||
Safari – V 14+ | Google Chrome 100+ | ||
Operating System | iOS | Y | |
Android | Y |
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.
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.
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.
Call us at 1800 226 6121 (Mondays to Fridays, 9.00am to 6.30pm, excluding public holidays)