Whole Section

  • 7.6 Remisier's Deposit

    • 7.6.1

      A Remisier must give a deposit of at least $30,000 to the Trading Member. It must be in the form of cash, Marketable Securities or a guarantee from a bank or financial institution operating in Singapore.

      Amended on 23 January 200923 January 2009.

    • 7.6.2

      A Trading Member may require a Remisier to increase the amount of deposit or restrict the Remisier's volume of business if, in the Trading Member's opinion, the deposit is not enough for the volume of business transacted by the Remisier.