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
Chapter 1 General Matters
Chapter 2 Access and Membership
Chapter 3 Conduct of Members, Approved Traders and Representatives
Chapter 4 Listing and Trading of Contracts
Chapter 5 Physical Delivery
Chapter 6 Dispute Resolution and Arbitration
Chapter 7 Adverse Events, Rule Violations and Disciplinary Action
Chapter 8 Definitions and Interpretation
Chapter 9 Transitional Provisions
Regulatory Notices
Practice Notes
Schedules
SGX-DC Clearing Rules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Archive
Rule Amendments

  Versions
(2 versions)
 
Up to Mar 14 2013Mar 15 2013 onwards

2.8.2 Requirements for Customers

Past version: effective up to Mar 14 2013.
To view other versions open the versions tab on the right.

Save for Affiliates, a Customer which seeks to obtain Bypass Privileges shall:

(a) at all times maintain capital of not less than $5 million, of which
(i) $2 million shall be in the form of shareholders' funds; and
(ii) the remaining capital may be in the form of Bypass Subordinated Loans or Bypass Letters of Credit in such form as prescribed by the Exchange from time to time.* Bypass Letters of Credit shall not constitute part of the collateral used for the purpose of meeting margin requirements;
(b) if such Customer is executing both Proprietary Trades and Agency Trades, at all times have systems in place to segregate Proprietary Trades and Agency Trades such that Bypass Privileges are limited to Proprietary Trades while Agency Trades are subject to the requisite pre-execution checks as contemplated under this Rules.