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
Practice Note 9.01.1 — OTCF Product Groups
Appendices
Schedules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Rule Amendments

  Versions
(1 version)
 
Jun 30 2014 onwards

Practice Note 9.01.1 — OTCF Product Groups

Issue Date Cross Reference Enquiries

Added on 30 June 2014.

Clearing Rule 9.01.1 Please contact:

Risk Management
E-Mail Address : rmd@sgx.com

1. Introduction

1.1. Rule 7A.02.1.5.b states that, when a Clearing Member having open positions has defaulted upon its obligation to the Clearing House, or has been suspended, the Clearing House may conduct an auction of such open positions in OTCF Contracts, whether hedged or otherwise, and a Participating Clearing Member shall participate in such auction.
1.2. Rule 9.01.1 defines Participating Clearing Member as a Clearing Member who has cleared or had an open commitment in such product group of OTCF Contracts being auctioned during the three (3) month period preceding and ending on the day of the relevant event of default.
1.3. This Practice Note explains what is meant by a product group and sets out the OTCF product groups which are cleared through the Clearing House.

2. Product Group By Currency

2.1. A product group means a distinct group of OTCF Contracts in a specified currency for which the Clearing House offers clearing services.
2.2. The different product groups cleared by the Clearing House are as follows:
•    Singapore Dollar interest rate swap
•    US Dollar interest rate swap
•    Thai Baht non-deliverable interest rate swap
•    Malaysian Ringgit non-deliverable interest rate swap
•    Chinese Yuan non-deliverable foreign exchange forward
•    Indian Rupee non-deliverable foreign exchange forward
•    Indonesian Rupiah non-deliverable foreign exchange forward
•    Korean Won non-deliverable foreign exchange forward
•    Malaysian Ringgit non-deliverable foreign exchange forward
•    New Taiwan Dollar non-deliverable foreign exchange forward
•    Philippine Peso non-deliverable foreign exchange forward

Added on 30 June 2014.