2.08.1B

Past version: Effective from 22 Apr 2019 to 16 Jul 2019

Each Bank Clearing Member incorporated outside Singapore shall at all times:—

2.08.1B.1 Base Capital Requirement
(a) maintain a base capital of not less than S$5,000,000; or
(b) in the case of a Bank 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 Bank Clearing Member who clears 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;
2.08.1B.2 RRA Financial Requirement

comply with all applicable RRA Financial Requirements; and
2.08.1B.3 Other Requirements

comply with the accounting, reporting, book-keeping and any other financial and operational requirements prescribed by the Clearing House in relation to the Bank Clearing Member's business governed by this Rules.

Added on 10 August 200710 August 2007 and amended on 25 August 200925 August 2009, 3 November 20103 November 2010 and 22 April 201922 April 2019.