Rulebooks: Contents

Rulebooks
Mainboard Rules
Catalist Rules
SGX-ST Rules
CDP Clearing Rules
DVP Rules
CDP Depository Rules
1 Application
2 Admission Criteria for Depository Agents
2.4 Nominee Company Applicant
3 Resignation by Depository Agent
4 Deposit and Withdrawal of Securities
5 Securities Account
6 Duties of Depository Agents
7 Transactions and Confirmation Notes
8 Sub-Accounts
9 Undertakings of the Depository Agent
10 Termination
11 Fees and Expenses
12 Violation of CDP Rules
13 Liability
14 Indemnity to Depository
15 General
16 Applicable Law
17 Definitions and Interpretation
Futures Trading Rules
SGX-DC Clearing Rules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Rule Amendments

2.4 Nominee Company Applicant

Where an applicant to be a Depository Agent is a nominee company:

2.4.1 its holding company or parent bank must be a company regulated either by MAS or SGX-ST;
2.4.2 it must furnish a banker's guarantee from a bank unrelated to the applicant, and acceptable to the Depository, to guarantee the due performance of its obligations under the Depository Agent Terms, and indemnify the Depository against all claims, losses, damages, costs, and expenses that may be incurred as a result of the breach, failure or inability of the applicant to perform any of its obligations; and
2.4.3 its holding company or parent bank must provide a letter of undertaking in a form satisfactory to the Depository to be liable for any amount owing by the applicant.