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 Approved Executive Directors and Directors
Rule 5 — Financial/Capital Requirements
Rule 5A — Position Accounts
Rule 6 — Clearing and Settlement
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 of CDP
Rule 11 — Supervisory Rules
Rule 12 — Foreign Market Links
Rule 13 — General
Rule 14 — Transitional Provisions
Appendices
Practice Notes
Schedules
DVP Rules
CDP Depository Rules
Futures Trading Rules
SGX-DC Clearing Rules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Rule Amendments

CDP Clearing Rules
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Contents:
Rule 1 — Application and Definitions
1.1 Application
1.2 Definitions
1.3 Regard to be had to Purpose or Object of the Clearing Rules
1.4 General Principles of Interpretation
1.5 Headings
1.6 Examples
1.7 Rules to Prevail
1.8 Clearing Directives
1.9 Transitional Provision
1.10 Order of Precedence
Rule 2 — Administration
2.1 Registers
Rule 3 — Membership
3.1 Clearing Member
3.2 The Application
3.3 Appeals
3.4 Clearing Member's Rights
3.5 General Obligations of a Clearing Member
3.6 Clearing Members to Act as Principals
3.7 Responsibility of Clearing Members for the Exchange Trades of Trading Members
3.8 Reporting Requirements
3.9 Qualification of Trading Members
3.10 Resignation by Clearing Member
Rule 4 — Appointment of Approved Executive Directors and Directors
4.1 Appointment and Registration
4.2 Obligations
4.3 Automatic De-Registration
4.4 Deletion from Register
4.5 Resignation of Approved Executive Director
4.6 Obligations of a Former Approved Executive Director
Rule 5 — Financial/Capital Requirements
5.1 Minimum Capital and Financial Requirements of Clearing Members Incorporated in Singapore
5.1A Early Warning Financial Requirements of Clearing Members Incorporated in Singapore
5.1B Notification Requirements of Clearing Members Incorporated in Singapore
5.1C Qualifying Letter of Credit
5.1D Minimum Capital and Financial Requirements of Clearing Members Incorporated Outside Singapore
5.1E Early Warning Financial Requirements of Clearing Members Incorporated Outside Singapore
5.1F Notification Requirements of Clearing Members Incorporated Outside Singapore
5.1G Qualifying Letter of Credit
5.1H [Rule has been deleted.]
5.1I Total Risk Requirement
5.1.2 [Rule has been deleted.]
5.1.3 [Rule has been deleted.]
5.1.4 [Rule has been deleted.]
5.2 [Rule has been deleted.]
5.3 [Rule has been deleted.]
5.4 Powers to Impose Other Requirements
5.5 Reserve Fund Requirement
5.6 Exposure to Single Customer
5.7 Exposure to Single Security
5.8 Monthly Returns
5.9 Appointment of Auditors and Audit Requirements
5.10 [Rule has been deleted.]
5.11 Other Financial Requirements
5.12 Register of Connected Persons
5.13 Exemption for SGXlink Pte Ltd
Rule 5A — Position Accounts
5A.1 — Separate Position Accounts and Position Account Designation
5A.2 — Reporting Requirements for Position Account
5A.3 — Allocation of trades to Position Accounts
5A.4 — Authorization of SGX-ST Trading Member to Maintain Position Accounts
5A.5 — Position Accounts carrying positions for more than one beneficial owner
5A.6 — Position Reconciliation
5A.7 — Disclosure of information
Rule 6 — Clearing and Settlement
6.1 Clearing of Exchange Trades
6.2 Novation in Inter-Broker Settlement
6.3 Set-Off of Payment Obligations Under Novated Contracts
6.4 Settlement of Payment Obligations Between Clearing Members and CDP
6.5 Settlement of Securities Under Novated Contracts
6.6 CDP'S Obligations Under the Novated Contracts
6.6A [Rule has been deleted.]
6.7 Buying-In by CDP
6.7A Penalties for the Non-Delivery of Securities in the Ready Market and Buy-In Market
6.8 [Rule has been deleted.]
6.9 [Rule has been deleted.]
6.10 Emergency Powers
6.11 Market Disorders, Impossibility of Performance, Emergency Situations
Rule 6A — Margin Requirements
6A.1 Applicability
6A.2 Clearing Member to Procure Customer Margins for Marginable Futures Contract
6A.3 Margin Management for Clearing Members In Respect of Margins from Customers for Marginable Futures Contracts
6A.4 Acceptable Collateral for Clearing Members In Respect of Margins from Customers for Marginable Futures Contract
6A.4A Margin Management for Clearing Members In Respect of Any Margins from Customers
6A.5 Clearing Member to Deposit Margins with CDP
6A.6 Monies and Assets Acceptable by CDP as Margins
6A.7 Composition of Margins Deposited with CDP
6A.8 Mark to Market Gains
6A.9 Valuation Price
6A.9A Additional Margins
6A.10 Segregation of Customer's Money and Assets
6A.11 Notification of Under-Segregation
6A.12 [Rule has been deleted.]
6A.13 [Rule has been deleted.]
6A.14 Under-Margined Accounts
6A.15 [Rule has been deleted.]
Rule 6B — Collateral
6B.1 Trust Arrangements
6B.2 Security Deed to be executed by Clearing Member
6B.3 General Lien and Right to Set-Off
6B.4 Collateral Deposit
6B.5 Collateral Withdrawal
6B.6 Valuation of Collateral
6B.7 Investment and Use of Collateral
6B.8 Interest and fees
6B.9 Safekeeping Indemnity
6B.10 Regulatory Information
Rule 6C — Payments
6C.1 Nomination of Accounts
6C.2 Cash Payments : Settlement Bank Payment
6C.3 Cash Payments : Other Payment Methods
6C.4 Deposit and Return of Government Securities
6C.5 Deposit and Return of Book-Entry Securities
Rule 7 — Clearing Fund
7.1 Establishment of Clearing Fund
7.2 Contributions by Clearing Members
7.3 Form of Contributions
7.4 Contributions by CDP
7.5 Insurance Policy
7.6 CDP'S Standby Line of Credit [Rule has been deleted.]
7.7 Investment of Assets of Clearing Fund
7.7A Interest and fees
7.8 Application of Clearing Fund
7.9 Order of Application of Contributions
7.10 Top-Up of Clearing Member's Contributions in an Event of Default
7.11 Resignation
7.12 Recovery of Sums
7.13 Return of Contributions
7.14 Calculation of Variable Deposit [Rule has been deleted.]
7.15 Time of Payment of Contributions
Rule 8 — Default Rules
8.1 Events of Default
8.1A Insolvency and Deemed Insolvency
8.2 Effect of Default on Novated Contracts other than Marginable Futures Contracts
8.3 Payment by Buying Customer Under New Purchase Contract
8.4 Delivery of Securities Under New Purchase Contract
8.5 Delivery of Securities Under New Sale Contract
8.6 Payment to Selling Customer Under New Sale Contract
8.6A Effect of Default on Novated Marginable Futures Contracts
8.6B Application of Collateral
8.6C Set-Off of Obligations Under New Purchase Contract and New Sale Contract
8.6D Trust Arrangements for Monies in Connection with New Purchase Contracts and New Sale Contracts
8.6E Exclusion of Liability
8.7 Certification of Net Sum Due
8.8 [Rule has been deleted.]
8.9 Clearing Members to Render Assistance
Rule 9 — Suspension or Restriction of Clearing
9.1 CDP May Suspend or Restrict Clearing and Settlement
9.2 SGX-ST Requirement
9.3 Notification of Suspension
9.4 Positions Carried in Any Account on the Books of Clearing Members Who are Suspended or Restricted in Clearing Activities
Rule 10 — Liabilities of CDP
10.1 CDP not Liable to Clearing Members and Others in Absence of Fraud Etc
10.2 Force Majeure
10.3 CDP not Liable for Acts or Omissions of Clearing Members
10.4 Consequential Losses
10.5 Limit on Amount of Damages Recoverable
10.6 Indemnity to CDP
Rule 11 — Supervisory Rules
11.1 Clearing House Investigations
11.2 Clearing House Inspections
11.3 Disciplinary Action
11.3A Composition by CDP
11.4 Disciplinary Committee
11.5 Disciplinary Committee Powers
11.6 Disciplinary Committee Proceedings
11.7 Appeals Committee
11.8 Appeals
11.9 Appeals Proceedings
11.10 Payment of Costs
11.11 Fine
11.12 Interim Powers of CDP
Rule 12 — Foreign Market Links
12.1 Application
12.2 Definition
12.3 Novation
12.4 Clearing with Other Foreign Exchanges
Rule 13 — General
13.1 Amendment of the Clearing Rules
13.2 Fees Payable
13.3 Conclusive Evidence
13.4 Miscellaneous
Rule 14 — Transitional Provisions
14.1 Transitional Provisions Regarding Capital/Financial Requirements
Appendices
Appendix 1
Practice Notes
Practice Note 1.2 Marginable Futures Contracts
Practice Note 3.5.4 — Business Continuity Requirements
Practice Note 3.9.1(3) — Pre-Execution Checks
Practice Note 3.9.1(6) — Conflicts of Interest
Practice Note 3.9.2A, 3.9.3 Procedures to Suspend Qualification of a Trading Member
Practice Note 5A.2.1, 5A.2.2 — Position Account Reporting
Practice Note 5A.3.1, 5A.3.4 — Position Account Allocation
Practice Note 5A.4.2, 5A.4.3 — Requirement for Clearing Member to Ensure Compliance of Position Account Rules by Authorized Trading Member
Practice Note 6.6A.1 [Rule has been deleted.]
Practice Note 6A.5.2 Calculation of Amount of Clearing Member Required Margins
Practice Note 6A.6 Forms of Collateral Acceptable by CDP as Margins
Practice Note 6A.9A — Additional Margins
Schedules
Schedule A