Rulebooks: Contents

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
Regulatory Notices to CDP Clearing Rules
Practice Notes
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
Rule Amendments

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  • 7.8 Application of Clearing Fund

    • 7.8.1

      Subject to Rule 7.8.2 and unless otherwise provided in the Clearing Rules or as determined by CDP, the Clearing Fund may be applied:—

      (1) to make good all losses suffered by CDP as a result of the breach by a Defaulting Clearing Member of any of its Novated Contracts;
      (2) to make good any shortfall (resulting from the inapplicability of Rule 6.4 to the New Purchase Contracts and New Sale Contracts) of moneys payable by CDP to the other Clearing Members pursuant to Rule 6.4; and
      (3) in respect of the obligations and liabilities of CDP arising out of the Novated Contracts (including but not limited to the costs and expenses incurred in relation to making recoveries from a Defaulting Clearing Member and in relation to any action taken by CDP pursuant to Rule 8).

      Amended on 23 January 2009 and 21 January 2013.

    • 7.8.2

      CDP shall apply the Clearing Fund only after the Defaulting Clearing Member's Collateral deposited with or provided to CDP has been fully applied to satisfy the obligations of the Clearing Member to CDP in accordance with Rule 8.6B.

      Added on 21 January 2013.