Rulebooks: Contents

Rulebooks
Mainboard Rules
Catalist Rules
SGX-ST Rules
CDP Clearing Rules
CDP Settlement Rules
DVP Rules [Entire Rulebook has been deleted]
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
Appendices
Schedules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Archive
Rule Amendments

  Versions
(2 versions)
 
Up to Apr 25 2013Apr 26 2013 onwards

2.18.2 Use and Set-off

Past version: effective up to Apr 25 2013.
To view other versions open the versions tab on the right.

The Clearing House shall be entitled to use and deal with any of the money, Securities and Properties received by it from a Clearing Member in such manner as the Clearing House shall in its absolute discretion think fit, provided nevertheless that the Clearing House shall not use any money, Securities or Properties received and notified to it as being in relation to a futures broker's customer's contract to settle any obligation referable to an account classified or reported to the Clearing House as "House" or "House" globally.

For the purposes of this Rule, unless the context otherwise requires:—

"Properties" shall include movable and immovable property, and any estate, share and interest in any property, movable and immovable, and any debt, and any thing in action, and any other right or interest, whether in possession or not; and

"Securities" shall mean debentures, stocks and shares in a company or corporation, funds or bonds of any government or of any body, corporate or unincorporate, and includes any right or option in respect thereof and any interest as defined in the SFA.