Rulebooks: Contents

Rulebooks
Mainboard Rules
Catalist Rules
SGX-ST Rules
CDP Clearing Rules
DVP Rules
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
Rule Amendments

SGX-DC Clearing Rules
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Contents:
Chapter 1 Application of Rules
1.01 Application of Rules
1.02 Regard to be had to Purpose or Object of Rules
1.03 Examples
1.04 Precedence of Instruments
1.05 Amendment of Rules
1.06 Applicable Law, Conflict and Jurisdiction
Chapter 2 Clearing Membership
2.01 General
2.02 Eligibility Criteria for General Clearing Members
2.02A Eligibility Criteria for Direct Clearing Members
2.02B Eligibility Criteria for Bank Clearing Members
2.02C Eligibility Criteria for Remote Clearing Members
2.02D Eligibility Criteria for FCM Clearing Members
2.03 Honorary Clearing Membership
2.04 Application
2.05 Admission
2.06 Compliance
2.06A Reporting
2.07 Minimum Capital and Financial Requirements of Clearing Members Incorporated in Singapore
2.07A Early Warning Financial Requirements of Clearing Members Incorporated in Singapore
2.07B Notification Requirements of Clearing Members Incorporated in Singapore
2.07C Qualifying Letter of Credit
2.08 Minimum Capital and Financial Requirements of Clearing Members Incorporated Outside Singapore
2.08A Early Warning Financial Requirements of Clearing Members Incorporated Outside Singapore
2.08B Notification Requirements of Clearing Members Incorporated Outside Singapore
2.08C Qualifying Letter of Credit
2.09 Special Reserve Fund for General Clearing Members Incorporated in Singapore
2.10 Special Reserve Fund for General Clearing Members Incorporated Outside Singapore
2.11 Other Financial Requirements
Rights and Obligations of Clearing Members
2.12A [Rule has been deleted.]
2.13 Duties and Responsibilities of Clearing Members
2.13A Business Continuity Requirements
2.14 Required Records and Reports
2.15 Audit Requirements
2.16 [Rule has been deleted.]
2.17 Limit on Lending to Directors, Officers or Employees of General Clearing Members
2.18 Segregation of Customer's Money, Securities and Property
2.19 Omnibus Account
2.20 Limits of Positions
2.20A Accumulation of Positions
2.20B Withholding of Profits from Overtrading
2.21 Covenant
2.22 Change or Intended Change
2.23 Notification of Reduction in Capital and Under-Segregation
2.24 Appointment of Chief Executive Officer, Deputy Chief Executive Officer
2.25 Appointment of Auditors
2.26 Special Call for Financial Statements
2.27 Request for Information
2.28 Voluntary Suspension and Resignation
2.28A Clearing Arrangements with Trading Members
2.28B Fictitious Transactions Without Change in Ownership
2.29 [Rule has been deleted.]
2.30 [Rule has been deleted.]
2.31 [Rule has been deleted.]
2.32 [Rule has been deleted.]
2.33 [Rule has been deleted.]
2.34 Market Disorders, Impossibility of Performance, Emergency Situations and Powers
2.35 Force Majeure
2.35A [Rule has been deleted.]
2.36 Fees, Levies and Charges
2.37 Contract Clause
2.38 The Authority
2.39 Information and Reports
2.40 [Rule has been deleted.]
2.41 [Rule has been deleted.]
2.42 [Rule has been deleted.]
2.43 Notice to Clearing Members
Chapter 3 Committees
3.01 Disciplinary Committee
3.02 Appeals Committee
Chapter 4 Enforcement of Rules
4.01 General Provision
4.01A Clearing House Investigations
4.01B Clearing House Inspections
4.02 [Rule has been deleted.]
4.02A Disciplinary Action
4.02B Composition by the Clearing House.
4.03 [Rule has been deleted.]
4.03A Disciplinary Committee Powers
4.04A Disciplinary Committee Proceedings
4.05A Appeals
4.06A Appeals Proceedings
4.07 [Rule has been deleted.]
4.07A Payment of Costs
4.08 [Rule has been deleted.]
4.08A Fine
4.09 [Rule has been deleted.]
4.09A Notification of Decision
4.10 Classification of Offences
4.11 Continuous Offences
4.12 Major Offences
4.13 Minor Offences
4.14 [Rule has been deleted.]
4.15 Clearing Member's Indemnity
4.16 Complaints by Clearing Members
4.17 Supply of Information
Chapter 5 Arbitration
5.01 Disputes Arbitrated
5.02 Waiver of Clearing House Objects and Purposes
5.03 to 5.36 [Rules have been deleted.]
Chapter 6 Delivery and Related Matters
6.01 General
6.02 [Rule has been deleted.]
6.02A Clearing House Merely Facilitates Delivery
6.03 Delivery Default May be Major Offence
6.04 Duty of Clearing Members to Mitigate Risk of Non-Delivery
6.05 Consolidation of Positions and Other Powers of the Clearing House
6.06 Passing of Property and Risk
6.07 Deliveries Involving Clearing House as Escrow Agent and Treatment of Performance Deposits, Other Payments and Other Escrow Assets
6.07A Clearing House May Appoint A Facilitator Agent
6.08 Time is of the Essence for Periods in the Relevant Contract Specifications
6.09 Alternative Delivery Procedure
6.10 Post Arbitral Award Procedures
6.11 Precedence of Rules
Chapter 7 Clearing and Margins
7.01 Clearing House
7.02 Limitation of Liability
7.02A Registration of Non-Relevant Market Transactions, NLT transactions, EFP transactions and EFS transactions
7.02AA Registration of Eligible OTCF Transactions
7.02B Withdrawal of Classes of Non-Relevant Market Contracts and OTCF Contracts for Clearing by the Clearing House
7.03 [Rule has been deleted.]
7.03A Collateral
7.04 Substitution
7.04A Registration of an NLT, EFP or EFS in Respect of Contracts Listed on a Relevant Market
7.05 Open Positions/Open Contracts for Contracts Traded on the Exchange/Any Relevant Market and Non-Relevant Market Contracts
7.05A Open Positions for OTCF Contracts
7.06 Offset by Liquidation
7.07 Offset not Automatic
7.07A Invoicing Back of Open Positions to the Clearing House
7.08 False Information
7.09 Position Change Sheets
7.10 Recap Ledger
7.11 Daily Settlement Price
7.11A Final Settlement Price of Contracts Traded on the Exchange/Any Relevant Market and Non-Relevant Market Contracts
7.11B Coupon Settlement Price and Final Settlement Price of OTCF Contracts
7.12 Settlement to Settlement Price Daily
7.13 Settlement Variation for Contracts Traded on the Exchange/Any Relevant Market or Non-Relevant Market Contracts
7.13A Settlement Variation for OTCF Contracts
7.14 Net Debit Balances and Credit Balances
7.15 [Rule has been deleted.]
7.15A [Rule has been deleted.]
7.15B [Rule has been deleted.]
7.16 Reports of Large Positions
7.17 Speculative Long and Short Positions; Same Contract Month
7.18 Right to Set-Off
7.19 Clearing House Margins
7.20 Margin Amounts
7.21 [Rule has been deleted.]
7.22 Margins of Third Parties
7.22A Inter-Exchange Cross Margining
7.23 Emergency Margins and Advance Call for Settlement
7.24 Failure to Comply with Emergency Orders
Miscellaneous
7.26 Fines for Errors, Delays and Omissions
7.27 Transfers of Trades
7.28 Inter-Clearing House Transfers of Positions
7.29 Early Termination of OTCF Contracts
7.30 Applicable Customer Accounts
7.31 Affiliate Account
Chapter 7A Suspension and Default
7A.01 Suspension of Clearing Members
7A.01A Events of Default
7A.01B Clearing Fund Loss Allocation Mechanism for Default in OTCF Contracts
7A.02 Open Positions of Defaulted /Suspended Clearing Members
7A.03 Open Contracts of Other Suspended or Expelled Clearing Members
7A.04 Effect of Suspension or Expulsion
7A.05 Protection of Clearing House
7A.06 Clearing Fund
7A.07 Default of the Clearing House
Chapter 7B Payments
7B.1 Nomination of Accounts
7B.2 Cash Payments : Settlement Bank Payment
7B.3 Cash Payments : Other Payment Methods
7B.4 Deposit and Return of Government Securities
7B.5 Deposit and Return of Book-Entry Securities
Chapter 8 Mutual Offset System
8.01 General
8.02 Designated Futures Contracts
8.03 Governing Rules
8.04 Conditions for Inter-Exchange Transfer
8.05 Exchange Transfer
8.06 Miscellaneous
Chapter 9 Definitions and Interpretation
9.01 Definitions
9.02 General Principles of Interpretation
Chapter 10 Transitional Provisions
10.1 Transitional Provisions for Capital and Financial Requirements
Directives
Directive No. 1 [Directive has been revoked.]
Practice Notes
Practice Note 2.13A — Business Continuity Requirements
Practice Note 2.28A Procedures to Suspend Qualification of a Trading Member
Practice Note 2.28A.1.3 — Pre-Execution Checks
Practice Note 2.28A.1.6 — Conflicts of Interest
Practice Note 6.07A — Facilitator Agent
Practice Note 7.11.1.1 — Daily Settlement Procedures for Eligible Non-Relevant Market Contracts
Practice Note 7.11.1.2 — Daily Settlement Price Methodology
Practice Note 7.22 — Margins of Third Parties
Practice Note 7.23 — Additional Margins
Practice Note 7.30 — Enhanced Customer Collateral Protection
Practice Note 7A.02.1.5.c.ii [Rule has been deleted.]
Practice Note 7A.01A.2A — Apportionment of Clearing Fund Contributions across Contract Classes and across OTCF auctions
Practice Note 7A.01B — Illustrations of the Application of Clearing Member's Security Deposits and Further Assessment Amounts in respect of OTCF Contracts
Practice Note 9.01.1 — OTCF Product Groups
Appendices
Appendix 1 — Final Settlement Price
Appendix 2 — Contracts of Other Relevant Markets Accepted by the Clearing House
Schedules
Schedule A