2.07.1

Past version: Effective up to 16 Jul 2019

Each General Clearing Member incorporated in Singapore shall at all times :—

2.07.1.1 Base Capital Requirement
a. maintain a base capital of not less than S$5,000,000;
b. in the case of a General Clearing Member who is also a clearing member of CDP, maintain a base capital of not less than S$8,000,000; or
c. in the case of a General Clearing Member who wishes to clear OTCF Contracts, maintain a base capital of not less than S$50,000,000;
or such other amount as may be prescribed by the Clearing House from time to time.
2.07.1.2 Financial Resources Requirement

not cause or permit its financial resources to fall below its total risk requirement;
2.07.1.3 Aggregate Indebtedness Requirement

not cause or permit its aggregate indebtedness to exceed 1,200% of its aggregate resources; and
2.07.1.4 Other Requirements

comply with the accounting, reporting, book-keeping and any other financial and operational requirements prescribed by the Clearing House.

Amended on 27 March 200627 March 2006, 10 August 200710 August 2007 and 3 November 20103 November 2010.