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
(3 versions)
 
Up to Jan 20 2013Jan 21 2013 - Apr 21 2013Apr 22 2013 onwards

8.6A.2

Past version: effective from Jan 21 2013 - Apr 21 2013.
To view other versions open the versions tab on the right.

For positions in novated Marginable Futures Contracts, immediately upon such breach under Rule 8.1.2, CDP may:—

(1) appoint 1 or more Clearing Members to whom all or any part of such positions shall be transferred to be handled for the Defaulting Clearing Member. When positions are so transferred, margins deposited thereon and any settlement due or collected must be delivered to CDP, to be entrusted to the Clearing Member or Members designated to handle the transactions;
(2) borrow securities, execute buying-in or offset against the customer's obligations under New Purchase Contracts and New Sale Contracts, on behalf of and at the risk of the Defaulting Clearing Member, for the purpose of meeting settlement obligations;
(3) execute hedging transactions, on behalf of and at the risk of the Defaulting Clearing Member, to eliminate or reduce market risk resulting from such positions; and
(4) without prejudice to Rule 8.6A.2(1), appoint 1 or more Trading Members to liquidate such positions on the behalf of and at the risk of the Defaulting Clearing Member.

Added on 23 January 2009 and amended on 21 January 2013.