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

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  • 7.2 Contributions by Clearing Members

    • 7.2.1

      Except as otherwise provided in this Clearing Rules or as determined by CDP, each Clearing Member shall pay to CDP such amounts as may be determined under this Clearing Rules or as determined by CDP in its absolute discretion (the "Contribution") in respect of every Exchange Trade cleared and/or settled by the Clearing Member herein. Each Clearing Member shall pay to CDP its Contribution to the Clearing Fund by such time or times as stipulated by CDP.

      Amended on 1 July 2008 and 3 May 2011.

    • 7.2.1A

      The Contribution of a Clearing Member shall consist of the Collateralised Contribution and the Contingent Contribution. Each Clearing Member shall pay:

      (1) in respect of the Contribution, an amount as specified by CDP from time to time, in its discretion which shall not exceed 0.9 basis points of the Clearing Member's Turnover;
      (2) in respect of the Collateralised Contribution, an amount as specified by CDP from time to time, in its discretion which shall not exceed 0.6 basis points of the Clearing Member's Turnover; and
      (3) in respect of the Contingent Contribution, an amount which is determined by the rate which is the difference between the Contribution rate as specified by CDP under Rule 7.2.1A(1) and the Collateralised Contribution rate as specified by CDP under Rule 7.2.1A(2).

      Added on 3 May 2011

    • 7.2.2

      The aggregate Collateralised Contributions from Clearing Members shall at all times be at least $40 million or such lower amount as may be specified by CDP from time to time in its discretion.

      Amended on 1 January 2010, 3 May 2011.

    • 7.2.3

      Notwithstanding Rule 7.2.1A:

      (1) A Clearing Member's Collateralised Contribution shall be at least $500,000, or such lower amount as may be specified by CDP from time to time in its discretion; and
      (2) If the aggregate Collateralised Contributions from all Clearing Members do not meet the minimum amount specified in Rule 7.2.2, the shortfall shall be contributed by each Clearing Member according to its Proportion.

      Amended on 3 May 2011 and 21 January 2013.

    • 7.2.4

      Where there is reason to believe that the operations of the Clearing Member is or is likely to be impaired by any event or circumstances, or such action is in the interests of maintaining a safe and efficient clearing facility, CDP may require:

      (1) such additional amounts to be paid as a top-up to the Contribution of the Clearing Member as it may, in its absolute discretion, decide; or
      (2) a Clearing Member's Contingent Contribution to be deposited with CDP; or
      (3) both.

      Amended on 1 January 2010 and 3 May 2011.

    • 7.2.5

      CDP shall notify each Clearing Member in writing of its Contribution required under Rules 7.2.1A and 7.2.4.

      Added on 3 May 2011