Who is eligible. The Employment Pass is for foreign professionals who: 1  Have a job offer in Singapore. 2  Work in a managerial, executive or specialised job. 3  Earn a fixed monthly salary of at least $3,300 (more experienced candidates need higher salaries).pplication for an Employment Pass is open to all nationalities. Use the Self-Â­Assessment Tool (SAT) to check if the candidate qualifies for the pass. Note on salaries: 1  Young graduates from good institutions can qualify if they earn at least $3,300. 2  Older, more experienced candidates need higher salaries to qualify.
DEFINITION of 'Covered Bond'. Securities created from public sector loans or mortgage loans where the security is backed by a separate group of loans.
A bond that covers the insured against the dishonesty of all regular employees. A single amount of coverage applies to any one loss, regardless of the number of employees involved in the loss. See also Blanket Bond, and contrast with Blanket Position Bond. Find the best companies and lowest rates.