Rulebooks: Contents

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
Practice Notes
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Rule Amendments

(4 versions)

7.20.2 Margin Composition

Past version: effective from Nov 8 2012 - Apr 25 2013.
To view other versions open the versions tab on the right.

Without prejudice to the generality of the foregoing, the aggregate amount of Assets or Properties deposited with the Clearing House in respect of the total margin requirements in relation to Customers' and House Contracts must separately comply with each of the following: for Clearing Members whose total margin requirements are US$1,000,000 (of its equivalent) or less, the entire margin requirements must be in the form of cash and/or government securities; for Clearing Members whose total margin requirements are more than US$1,000,000, cash and/or government securities must constitute the first US$1,000,000 or 40 percent of the total margin requirements whichever is the greater; and for clearing of the following Contract Classes, 60 percent of the total margin requirements must be in the form of:
(a) for clearing of Contracts traded on the Exchange or any Relevant Market or Non-Relevant Market Contracts, cash, government securities and/or Letters of Credit; and
(b) for clearing of OTCF Contracts, cash and government securities.

Added on 27 March 2006 and amended on 3 November 2010 and 8 November 2012.