Rulebooks: Contents

Rulebooks
Mainboard Rules
Catalist Rules
SGX-ST Rules
CDP Clearing Rules
Rule 1 — Application and Definitions
Rule 2 — Administration
Rule 3 — Membership
Rule 4 — Appointment of Chief Executive Officers and Directors
Rule 5 — Financial/Capital Requirements
Rule 5A — Position Accounts
Rule 6 — Clearing and Settlement between Clearing Members and CDP
Rule 6A — Margin Requirements
Rule 6B — Collateral
Rule 6C — Payments
Rule 7 — Clearing Fund
Rule 8 — Default Rules
Rule 9 — Suspension or Restriction of Clearing
Rule 10 — Liabilities
Rule 11 — Supervisory Rules
Rule 12 — Foreign Market Links
Rule 13 — General
Rule 14 — Transitional Provisions
Appendices
Regulatory Notices to CDP Clearing Rules
Practice Notes
Schedules
CDP Settlement Rules
DVP Rules [Entire Rulebook has been deleted]
CDP Depository Rules
Futures Trading Rules
SGX-DC Clearing Rules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Archive
Rule Amendments

  Versions
(1 version)
 
Apr 22 2013 onwards

8.6C.2

If a customer in respect of any New Purchase Contract or New Sale Contract is indebted to the Defaulting Clearing Member, the customer agrees that CDP shall be entitled to:

(1) withhold the amount or part thereof due from CDP to the customer pursuant to Rule 8 in satisfaction or part satisfaction of such customer's debt to the Defaulting Clearing Member; and
(2) at any time as CDP may determine, treat such withheld amount as assets of the Defaulting Clearing Member subject to such rights and remedies of CDP under these Clearing Rules.

Added on 22 April 2013.