Rulebooks: Contents

Rulebooks
Mainboard Rules
Catalist Rules
SGX-ST Rules
CDP Clearing Rules
CDP Settlement Rules
DVP Rules [Entire Rulebook has been deleted]
CDP Depository Rules
Futures Trading Rules
SGX-DC Clearing Rules
Chapter 1 Application of Rules
Chapter 2 Clearing Membership
Chapter 3 Committees
Chapter 4 Enforcement of Rules
Chapter 5 Arbitration
Chapter 6 Delivery and Related Matters
Chapter 7 Clearing and Margins
Chapter 7A Suspension and Default
Chapter 7B Payments
Chapter 8 Mutual Offset System
Chapter 9 Definitions and Interpretation
Chapter 10 Transitional Provisions
Directives
Practice Notes
Appendices
Schedules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Archive
Rule Amendments

2.08.1

Each General Clearing Member incorporated outside Singapore shall at all times:—

2.08.1.1 Base Capital Requirement
a. maintain net head office funds of not less than S$5,000,000;
b. in the case of a General Clearing Member who is also a clearing member of CDP, maintain net head office funds of not less than S$8,000,000; or
c. in the case of a General Clearing Member who wishes to clear OTCF Contracts, maintain net head office funds of not less than S$50,000,000;
or such other amount as may be prescribed by the Clearing House from time to time.
2.08.1.2 Financial Resources Requirement
not cause or permit its adjusted net head office funds to fall below its total risk requirement;
2.08.1.3 Aggregate Indebtedness Requirement
not cause or permit its aggregate indebtedness to exceed 1,200% of its aggregate resources; and
2.08.1.4 Other Requirements
comply with the accounting, reporting, book-keeping and any other financial and operational requirements prescribed by the Clearing House.

Amended on 27 March 2006, 10 August 2007 and 3 November 2010.