Rulebooks: Contents

Rulebooks
Mainboard Rules
Catalist Rules
SGX-ST Rules
CDP Clearing Rules
DVP Rules
Rule 1 — Application and Definitions
Rule 2 — Applications for Participation and Participation Criteria
Rule 3 — Legal Relationships and Legal Effect of DVP Instructions
Rule 4 — Legal Relationships Between Depository Agent and Principal
Rule 5 — Time-Table for Sending of Instructions and Payment
Rule 6 — Cancellation of Instructions
Rule 7 — Money Settlement
Rule 8 — The Settlement Bank
Rule 9 — Termination of Principal and Its DA
Rule 10 — The Clearing Bank
Rule 11 — Termination of the Settlement Bank
Rule 12 — Securities Settlement
Rule 13 — Block Trades
Rule 14 — DVP Rules
Rule 15 — Fees and Interest
Rule 16 — Books and Records of the DA
Rule 17 — Statements and Reports
Rule 18 — Suspension of DVP Settlement
Rule 19 — Liabilities of CDP
Rule 20 — Disclosure
Rule 21 — Notices
Rule 22 — Communications in DVP Settlement
Rule 23 — General
Annexes
DVP Procedures Handbook
CDP Depository Rules
Futures Trading Rules
SGX-DC Clearing Rules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Rule Amendments

DVP Rules
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Contents:
Rule 1 — Application and Definitions
1. Definitions
Rule 2 — Applications for Participation and Participation Criteria
2.1 Participants in DVP Settlement
2.2 Application for Participation in DVP Settlement by Principals:
2.3 Payment and Settlement Facility Requirements of Principals
2.4 Application for Participation in DVP Settlement by Depository Agents
2.5 Application for Participation in DVP Settlement by Settlement Banks
2.6 Settlement Bank Payment Facility Requirements
2.7 Participation in DVP Settlement by Clearing Members
2.8 Participation in DVP Settlement By Clearing Bank
Rule 3 — Legal Relationships and Legal Effect of DVP Instructions
3.1 Novation
3.2 Effect of Novation
3.3 Set off of Payment Obligations Under Novated Transactions
3.4 Rights of Clients of Principals
3.5 Representations Made When A DVP Instruction Submitted by the Principal is Matched and Validated
3.6 Obligations of CDP
Rule 4 — Legal Relationships Between Depository Agent and Principal
4.1 Authority of Depository Agent
4.2 Submissions of DVP Instructions and Cancellations of DVP Transactions by Depository Agent
4.3 Delivery of Securities to Depository Agent Deemed Delivery to Principal
4.4 Communications Between CDP and Principal Via Depository Agent
4.5 Termination of Depository Agent by Principal
4.6 Depository Agent May not Act for More than One Principal
4.7 Non-Application of This Rule to A Principal Who is A DA
Rule 5 — Time-Table for Sending of Instructions and Payment
5.1
5.2
5.3
Rule 6 — Cancellation of Instructions
6.1 Cancellation
6.2 [Rule has been deleted.]
6.3 Legal Effect of Cancellation
6.4 CDP'S Power to Cancel Transactions
6.5 Consequences of Cancellation of Transactions, Non-Matching or Non-Validation of Instructions
Rule 7 — Money Settlement
7.1 Money Settlement with Principal
7.2 Netting of Balances
7.3 CDP Net Money Settlement Statement
7.4 Principal Net Debit Cap
7.5 Total Net Balance
7.6 Limits on DVP Validations
7.7 Limits on Cancellations
7.8 [Rule has been deleted.]
Rule 8 — The Settlement Bank
8.1 The Settlement Bank
8.2 Netting of Net Credit and Net Debit Balances
8.3 Settlement Bank Net Money Settlement Statement
8.4 Setting of Principal Net Debit Cap
8.5 Setting Principal Net Debit Cap to Zero
8.6 Guaranteed Value
8.7 Default of Principal in Payment of the Net Debit Balance
8.8 Termination of Payment Facilities to Principal by the Settlement Bank
Rule 9 — Termination of Principal and Its DA
9.1 Termination of Principal by CDP
9.2 Termination of Payment Facilities by the Settlement Bank
9.3 Obligations Arising Upon Termination of Principal
9.4 Termination by Principal
9.5 Termination of DA
9.6 Termination by DA
9.7 Obligations Arising Upon Termination of DA
Rule 10 — The Clearing Bank
10.1 The Clearing Bank
10.2 SB Default Notice to Clearing Bank on DVP Settlement Payment
10.3 SB Net Debit Cap
10.4 All Principal Affirmations Subject to SB Net Debit Cap
10.5 [Rule has been deleted.]
10.6 Setting Settlement Bank Net Debit Cap to Zero
Rule 11 — Termination of the Settlement Bank
11.1 SB Default Notice
11.2 Disciplinary Action Against Settlement Bank Upon Receipt of SB Default Notice
11.3 Termination of Settlement Bank By CDP
11.4 Termination of Guarantee and Indemnity for the Settlement Bank by the Clearing Bank
11.5 Termination by Settlement Bank
11.6 Obligations Arising Upon Termination of Settlement Bank
11.7 Action by Principal Upon Termination of Settlement Bank
Rule 12 — Securities Settlement
12.1 Fungibility
12.2 Onward Deliveries
Rule 13 — Block Trades
13.1 Conflict With Other Rules
13.2 Procedure for Affirming A Block Trade
13.3 Money Settlement of A Block Trade
Rule 14 — DVP Rules
14.1 Participants to Abide by the DVP Rules
14.2 Amendment of the DVP Rules
14.3 Directives or Regulatory Notices Issued by CDP
14.4 Fines and Disciplinary Action
Rule 15 — Fees and Interest
15.1 Fees Payable
15.2 GST
15.3 Interest
Rule 16 — Books and Records of the DA
16.1 CDP'S Right of Inspection
Rule 17 — Statements and Reports
17.1 Statements and Reports
17.2 Participant'S Duty in Relation to Advices, Statements and Reports
17.3 Conclusive Evidence
Rule 18 — Suspension of DVP Settlement
18.1 CDP Empowered to Suspend DVP Settlement
Rule 19 — Liabilities of CDP
19.1 CDP not Liable to Participants in Absence of Fraud
19.2 Force Majeure
19.3 CDP not Liable for Acts or Omissions of Participants
19.4 CDP not Liable to Clients of Principals
19.5 Consequential Losses
19.6 Limit on Amount of Damages Recoverable
Rule 20 — Disclosure
20.1 CDP'S Authority to Disclose Information Concerning Principal
20.2 CDP'S Authority to Disclose Information Concerning Settlement Bank
Rule 21 — Notices
21.1 Notices
21.2 Change of Address
21.3 Authorised Signatories
Rule 22 — Communications in DVP Settlement
22.1 Communications to be in Prescribed Format
22.2 Action by CDP on Communications by Principals and Settlement Bank
22.3 Access to Duly Authorised Persons
Rule 23 — General
23.1
23.2
23.3
Annexes
Annex A — Letter of Guarantee and Indemnity from Settlement Bank
Annex B — Letter of Guarantee and Indemnity from Clearing Bank
DVP Procedures Handbook