Rulebooks: Contents

Rulebooks
Mainboard Rules
Catalist Rules
SGX-ST Rules
CDP Clearing Rules
Rule 1 — Application and Definitions
Rule 2 — Administration
Rule 3 — Membership
Rule 4 — Appointment of Chief Executive Officers and Directors
Rule 5 — Financial/Capital Requirements
Rule 5A — Position Accounts
Rule 6 — Clearing and Settlement between Clearing Members and CDP
Rule 6A — Margin Requirements
Rule 6B — Collateral
Rule 6C — Payments
Rule 7 — Clearing Fund
Rule 8 — Default Rules
Rule 9 — Suspension or Restriction of Clearing
Rule 10 — Liabilities
Rule 11 — Supervisory Rules
Rule 12 — Foreign Market Links
Rule 13 — General
Rule 14 — Transitional Provisions
Appendices
Regulatory Notices to CDP Clearing Rules
Practice Notes
Schedules
CDP Settlement Rules
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
(2 versions)
 
Up to Dec 28 2014Dec 29 2014 onwards

5.11.2 Preference Shares

Past version: effective up to Dec 28 2014.
To view other versions open the versions tab on the right.

(1) Each General Clearing Member incorporated in Singapore shall immediately notify CDP prior to the date of issue of any preference share.
(2) A General Clearing Member incorporated in Singapore shall not redeem any redeemable preference share that is computed as part of its financial resources:—
(a) unless the General Clearing Member notifies CDP within such time before the proposed date of redemption as prescribed by the SFR (Financial and Margin Requirements);
(b) if at the date of redemption:—
(i) its financial resources (including qualifying letters of credit referred to in Rule 5.1C) are less than 150% of its total risk requirement; or
(ii) its aggregate indebtedness exceeds 600% of its aggregate resources;
(c) if such redemption will cause an event in Rule 5.11.2(2)(b) to occur; or
(d) if CDP has prohibited in writing such a redemption.

Amended on 1 July 2008.