SGX Rulebooks
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Past version: Effective up to 20 Jan 2013

6A.3.1

Except for trades which reduce Customer Required Margins, a Clearing Member must not accept new orders or new trades in Marginable Futures Contracts for clearing from any customer unless:—

(1) the minimum Initial Margins for the new trade are deposited or the Clearing Member has reason to believe that the minimum Initial Margins will be deposited within two Market Days from the trade date (T+2); and
(2) the Customer Asset Value complies with the Customer Required Margins, or the Clearing Member has reason to believe that the additional margins to be deposited pursuant to Rule 6A.3.2 will be deposited within two Market Days from the trade date (T+2).

Added on 23 January 200923 January 2009 and amended on 21 January 201321 January 2013.

6A.3.2

If the Customer Asset Value falls below the Customer Required Margins, the Clearing Member must call for additional margins from the customer to bring the Customer Asset Value to no less than the sum of Initial Margins and Customer Variation Margins within two Market Days from the date the Customer Asset Value falls below the Customer Required Margins.

Added on 23 January 200923 January 2009.

6A.3.3 [Rule has been deleted.]

Deleted on 21 January 201321 January 2013.

6A.3.4 [Rule has been deleted.]

Deleted on 21 January 201321 January 2013.

6A.3.5 [Rule has been deleted.]

Deleted on 21 January 201321 January 2013.

6A.3.6

In respect of Marginable Futures Contracts, Clearing Members must not set margin requirements that are less stringent than those prescribed by CDP.

Added on 23 January 200923 January 2009 and amended on 21 January 201321 January 2013.