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Section D — Regulatory Framework
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  Versions
(4 versions)
 

11.1.1

Past version: effective from May 19 2014 - Dec 28 2014.
To view other versions open the versions tab on the right.

In this Chapter,

A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z

Term Meaning
A
"Adjusted net head office funds" has the meaning ascribed to it in paragraph 2 of Second Schedule of the SFR (Financial and Margin Requirements).
"Aggregate indebtedness" has the meaning ascribed to it in Regulation 2 of the SFR (Financial and Margin Requirements).
"Aggregate resources" means
(1) in the case of a Trading Member incorporated in Singapore, its financial resources (including qualifying letters of credit referred to in Rule 11.3.11) less its total risk requirement; and
(2) in the case of a Trading Member incorporated outside Singapore that holds a capital markets services licence, its adjusted net head office funds (including qualifying letters of credit referred to in Rule 11.3.11) less its total risk requirement.
"Average aggregate resources" means the average of the aggregate resources on the last day of each of the three months preceding the previous month.
B
"Base capital" has the meaning ascribed to it in Regulation 2 of the SFR (Financial and Margin Requirements).
C
"Counterparty risk requirement" has the meaning ascribed to it in paragraph 3 of Third Schedule of the SFR (Financial and Margin Requirements).
E
"Exchange" means SGX-ST or any other market or organisation (whether an exchange, association, body corporate or unincorporated or otherwise) responsible for administering a market in securities, commodities, options, derivatives or any other financial instrument whose contracts are cleared by, or novated to CDP.
F
"Financial resources" has the meaning ascribed to it in paragraph 1 of Second Schedule of the SFR (Financial and Margin Requirements).
N
"Net head office funds" has the meaning ascribed to it in Regulation 2 of the SFR (Financial and Margin Requirements).
"Net liquid capital" means the financial resources of a Trading Member that holds a licence specified in Rule 4.1.1(1)(b) computed under such methodology prescribed by SGX-ST.
O
"Operational risk requirement" has the meaning ascribed to it in paragraph 2 of Third Schedule of the SFR (Financial and Margin Requirements).
Q
"Qualifying subordinated loan" has the meaning ascribed to it in paragraph 4 of Second Schedule of the SFR (Financial and Margin Requirements).
R
"Recognised group A securities exchange" means an overseas securities exchange regulated by a financial services regulatory authority of a country or territory specified in Table 4 of Fourth Schedule of the SFR (Financial and Margin Requirements).
S
"Secondary requirement" has the meaning ascribed to it in paragraph 2(1)(c) of Third Schedule of the SFR (Financial and Margin Requirements).
"SFA" means the Securities and Futures Act (Cap. 289) or any subsidiary legislation promulgated under it or any statutory modification, amendment or re-enactment thereof for the time being in force, or any act or subsidiary legislation which may replace the SFA, and any reference to any provision of the SFA is to that provision as so modified, amended or re-enacted (or as contained in any subsequent act or legislation which may replace the SFA).
"SFR (Financial and Margin Requirements)" means the Securities and Futures (Financial and Margin Requirements for Holders of Capital Markets Services Licences) Regulations or any statutory modification, amendment or re-enactment thereof for the time being in force, or any regulations which may replace the SFR (Financial and Margin Requirements), and any reference to any provision of the SFR (Financial and Margin Requirements) is to that provision as so modified, amended or re-enacted (or as contained in any subsequent regulations which may replace the SFR (Financial and Margin Requirements).
"SGX-DC" means Singapore Exchange Derivatives Clearing Limited.
"Singapore Government securities" has the meaning ascribed to it in Regulation 2 of the SFR (Financial and Margin Requirements).
T
"Total risk requirement" has the meaning ascribed to it in paragraph 1 of Third Schedule of the SFR (Financial and Margin Requirements).

Amended on 23 January 2009 and 19 May 2014.