Rulebooks: Contents

Rulebooks
Mainboard Rules
Catalist Rules
SGX-ST Rules
CDP Clearing Rules
CDP Settlement Rules
Rule 1 General
Rule 2 Settlement Participation
Rule 3 Settlement Facilities
Rule 4 Settlement Instructions
Rule 5 Arrangements for Money Settlement
Rule 6 Arrangements for Securities Settlement
Rule 7 Settlement
Rule 8 Matters relating to a Settlement Participant who is a Defaulting Clearing Member
Rule 9 Definitions
9.1
Regulatory Notices
Practice Note
Schedule A
DVP Rules [Entire Rulebook has been deleted]
CDP Depository Rules
Futures Trading Rules
SGX-DC Clearing Rules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Archive
Rule Amendments

  Versions
(1 version)
 
Dec 10 2018 onwards

9.1

In these Rules, the following terms have the following meanings unless the context otherwise requires:-

Term Meaning
A
"Authority" The Monetary Authority of Singapore or such other body that shall be responsible for the administration of the Securities and Futures Act.
B
"Bank Account" The meaning ascribed to it in Rule 5.2.
"Batch Settlement" The settlement of a group of Settlement Instructions all at one time.
"Batch Settlement Run" A settlement run on any Settlement Day for the conduct of Batch Settlement.
"Board" Board of directors of CDP.
C
"Cash Ledger Account" The meaning ascribed in Rule 5.1.1.
"CDP" The Central Depository (Pte) Limited.
"CDP Clearing Rules" The CDP Clearing Rules as amended or supplemented from time to time by CDP.
"Circular" A binding notice issued by the CDP regarding regulatory and non-regulatory matters pertaining to Settlement Participants.
"Clearing Account" In relation to a Clearing Member, the Securities Account maintained by it for the purpose of settlement with CDP and its Customers.
"Clearing Member" The meaning ascribed to it in the CDP Clearing Rules.
"Collateral" The meaning ascribed to it in the CDP Clearing Rules.
"Customer" With respect to a Settlement Participant, any person from whom, or on whose behalf, a Settlement Participant has received or acquired or held moneys or securities for the account of such person, for purposes of settlement.
D
"Defaulting Clearing Member" The meaning ascribed to it in the CDP Clearing Rules.
"Delivering Securities Account" In relation to a Settlement Instruction, the Securities Account, and where applicable, the relevant sub-balance in such Securities Account, from which securities are to be delivered as specified in the Settlement Instruction.
"Depository Agent" The meaning ascribed to it by the Securities and Futures Act.
"Directive" A binding notice directing Settlement Participants to take corrective or other actions, including actions in the interests of a safe and efficient clearing facility or in light of investor protection concerns.
E
"Event of Default" An event relating to a Clearing Member as defined in the CDP Clearing Rules.
"Exchange" SGX-ST or any other market or organisation (whether an exchange, association, body corporate or unincorporate or otherwise) responsible for administering a market in securities or Futures Contracts, commodities, options, derivatives or any other financial instrument whose trades and/or transactions are cleared and settled by CDP.
F
"Final Settlement Balance" The meaning ascribed to it in the CDP Clearing Rules.
I
"intended settlement day"
(a) In relation to any Novated Contract, the day on which the Exchange Trade (as defined in the CDP Clearing Rules) from which the Novated Contract arises is due for settlement, as provided in the SGX-ST Rules or the applicable rules or regulations of the relevant Exchange (as the case may be), or
(b) In relation to a Settlement Instruction, the day stated in the Settlement Instruction as the day on which the Settlement Instruction is to be executed.
L
"Linked Settlement Instruction" The meaning ascribed in Rule 4.5.1.
N
"Net Payable" The meaning ascribed in Rule 3.3.1.
"Net Receivable" The meaning ascribed in Rule 3.3.1.
"Novated Contract" The meaning ascribed to it in the CDP Clearing Rules.
P
"Practice Note" A non-binding guideline that seeks to explain the application and interpretation of a Rule.
R
"Real Time Gross Settlement" or "RTGS" Settlement of money and/or securities on a real-time and, unless otherwise specified, gross basis.
"Receiving Securities Account" In relation to a Settlement Instruction, the Securities Account, and where applicable, the relevant sub-balance in such Securities Account, into which securities are to be delivered as specified in the Settlement Instruction.
"Regulatory Notice" A binding notice issued by CDP on regulatory matters regarding the settlement facility operated by CDP, as the same may be amended, modified, supplemented or replaced from time to time.
"Rule" A rule of the CDP Settlement Rules.
"Rules" The CDP Settlement Rules, including Directives, Regulatory Notices and Circulars, and excluding Practice Notes, as the same may be amended, modified, supplemented or replaced from time to time.
S
"security"
(a) shares, units in a business trust or any instrument conferring or representing a legal or beneficial ownership interest in a corporation, partnership or limited liability partnership;
(b) debentures;
(c) units in a collective investment scheme;
(d) derivative contracts which are not futures contracts and of which the underlying instrument or any of the underlying instruments are any of the things in (a), (b) or (c) or an index on any of those things; or
(e) any other product or class of products as SGX-ST or CDP may prescribe;

whether or not they are classified as "securities" under the Securities and Futures Act, but excludes:

(i) bills of exchange;
(ii) certificates of deposit issued by a bank or finance company, whether situated in Singapore or elsewhere; or
(iii) any product or class of products as SGX-ST or CDP may prescribe.

For the avoidance of doubt, "securities" include (but are not limited to) warrants, transferrable subscription rights, options to subscribe for stocks or shares, convertibles, depository receipts, and exchange traded funds.

"Securities Account" In relation to any person, an account maintained directly with CDP or through a Depository Agent or the CPF Board for holding securities for or on behalf of that person.
"Settlement Bank" A bank approved by CDP to facilitate payments for the purposes of these Rules.
"Settlement Day" A day on which settlement of a transaction occurs in CDP.
"Settlement Instruction" or "SI" An instruction to CDP, in such form as CDP may prescribe, for the transfer of securities and/or money by CDP.
"Settlement Participant" Any Clearing Member or Depository Agent admitted by CDP to participate in settlement pursuant to these Rules.
"Securities and Futures Act" Securities and Futures Act, Chapter 289, or any statutory modification, amendment or re-enactment thereof for the time being in force, or any statute that may replace it, and unless the context otherwise requires, includes any subsidiary legislation or regulations made pursuant thereto.
"SGX RegCo" Singapore Exchange Regulation Pte. Ltd.
"SGX RegCo Board" The board of directors for the time being of SGX RegCo or such number of them as have authority to act for the SGX RegCo Board.
"SGX-ST" Singapore Exchange Securities Trading Limited.
"SGX-ST Rules" SGX-ST Rules as the same may be varied, amended or supplemented from time to time.
T
"Third Party" Any party other than CDP or a Settlement Participant.
"Trading Member" The meaning ascribed to it in the SGX-ST Rules.

Added on 10 December 2018.