5.1.1A

Past version: Effective up to 21 Apr 2019

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

(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 SGX-DC, maintain a base capital of not less than S$8,000,000;
(2) Financial Resources Requirement
not cause or permit its financial resources to fall below its total risk requirement; and
(3) Other Requirements
comply with the accounting, reporting, book-keeping and any other financial and operational requirements prescribed by CDP in relation to the Bank Clearing Member's business governed by this Clearing Rules.

Added on 1 July 20081 July 2008.