Rulebooks: Contents

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
Chapter 1 General Matters
Chapter 2 Access and Membership
Chapter 3 Conduct of Members, Approved Traders and Representatives
Chapter 4 Listing and Trading of Contracts
4. Introduction to Contracts Traded on the Market
4.1 Rules Applicable to All Classes of Contracts Listed on the Markets
4.1.12 Exchange of Underlying for Futures Contracts
Chapter 5 Physical Delivery
Chapter 6 Dispute Resolution and Arbitration
Chapter 7 Adverse Events, Rule Violations and Disciplinary Action
Chapter 8 Definitions and Interpretation
Chapter 9 Transitional Provisions
Regulatory Notices
Practice Notes
SGX-DC Clearing Rules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Rule Amendments

4.1.12 Exchange of Underlying for Futures Contracts

An exchange of Underlying for Futures Contracts shall be permitted upon the satisfaction of the following conditions:

(a) the transaction is between two parties where one party is the buyer of the Underlying and the Seller of the Futures Contract and the other party is the seller of the Underlying and the Buyer of the Futures Contract;
(b) the seller of the Underlying has in its possession the Underlying to be delivered;
(c) the purchase and sale of the Futures Contract shall be simultaneous with the sale and purchase of an equal quantity of the Underlying;
(d) the transaction is at a price mutually agreed by the transacting parties; and
(e) the transaction is reported to the Exchange, and the Members maintain a complete record of such transactions together with the relevant memoranda.