Definitions

Past version: Effective from 29 Nov 2010 to 07 Jul 2011

The following terms have the following meanings unless the context requires otherwise:—

A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z

Term Meaning
A
"Appeals Committee" The committee appointed by the Board of Directors of SGX to exercise the powers in the Supervisory Rules;
"Associated Corporation" Any body corporate formed in or out of Singapore in which a Trading Member and its related corporations hold directly or indirectly a beneficial interest of not less than 20% of the issued share capital;
"Authority" The Monetary Authority of Singapore or other body responsible for the administration of the Securities and Futures Act;
B
"Board" Board of Directors of SGX-ST;
C
"CDP" The Central Depository (Pte) Limited;
"Clearing Member" A Clearing Member in accordance with the Clearing Rules;
"Clearing Rules" CDP Clearing Rules as in effect from time to time;
"Connected Person"
(a) A person's spouse, son, adopted son, step-son, daughter, adopted daughter, step-daughter, father, mother, brother or sister; or
(b) A firm , Corporation or company in which any of the persons mentioned in (a) above is in a position to control not less than 20% of the voting power in the firm, Corporation or company, whether such control is exercised individually or jointly;
"Corporation" Same meaning as in the Companies Act;
D
"Dealer" A Trading Representative who is employed by a Trading Member or its group of companies to deal in securities and/or trade in Futures Contracts;
"Designated Market-Maker" A market-maker registered with SGX-ST;
"Designated Futures Contract" Shall have the meaning ascribed to it in Rule 8.1.1;
"Designated Security" Shall have the meaning ascribed to it in Rule 8.1.1;
"Direct Business" A trade which is not executed on the Trading System in accordance with Rule 8.7;
"Directives" Requirements prescribed by SGX-ST;
"Director" Same meaning as in the Companies Act;
"Disciplinary Committee" The committee appointed by the Board to exercise the powers in the Supervisory Rules;
"Discretionary Account" An account in which the customer gives a Trading Representative discretion, which may be absolute or with limits, to purchase or sell securities or trade in Futures Contracts. The discretion may extend to selection, timing terms and price;
"DVP settlement" Settlement of affirmed trades where payment is made against the transfer;
E
"Exchange Link" The electronic means by which:—
(a) SGX-SPV routes orders for Selected Foreign Securities to the Foreign Portal Dealer and receives orders for Selected SGX Securities from the Foreign Portal Dealer; and
(b) A Foreign Portal Dealer routes orders for Selected SGX Securities to SGX-SPV and receives orders for Selected Foreign Securities from SGX-SPV;
F
"Foreign Exchange" In relation to the Foreign Market Linkages Rule, means a securities exchange outside Singapore that has agreed to an electronic co-trading, clearing and settlement link of Selected Foreign Securities or Selected SGX Securities with SGX-ST;
"Foreign Market" In relation to the Foreign Market Linkages Rule, means a market administered by the Foreign Exchange which has access to the market via the Exchange Link;
"Foreign Portal Dealer" A Foreign Exchange or a related body corporate of Foreign Exchange that acts as an intermediary to allow:—
(a) Singapore investors to trade, clear and settle Selected Foreign Securities on a Foreign Market; and
(b) Foreign investors to trade, clear and settle Selected SGX Securities via a Foreign Market;
"Futures Contract" Refers to a futures contract, as defined under the Securities and Futures Act, which is approved for listing on SGX-ST;
I
"Immediate Bargains" Any transaction for delivery at the trade date;
"Issuer" An entity that is quoted or listed on SGX-ST;
L
"Last Trading Day" Refers to the last day on which a Marginable Futures Contract may be traded prior to its expiration;
"Limit Order" An order to be executed at a specific price or better;
M
"Marginable Futures Contract" Refers to a Futures Contract approved for listing on SGX-ST and which is subject to margin requirements;
"Marginable Securities"
(a) Securities quoted on SGX-ST;
(b) Securities quoted on the Non-Listed Securities market;
(c) Securities quoted on the main board of a securities exchange, of a company with shareholders' funds of not less than $200 million (or equivalent); and
(d) Any other securities that SGX-ST approves;
"Market Day" A day on which SGX-ST is open for trading in securities and/or Futures Contracts;
"Marketable Securities"
(a) Securities quoted on SGX-ST;
(b) Securities quoted on the Non-Listed Securities market;
(c) Securities quoted on the main board of a securities exchange, of a company with shareholders' funds of not less than $200 million (or equivalent); and
(d) Any other securities that SGX-ST approves;
"Maximum Spread" In relation to a 2-sided market-making order, the maximum difference allowed by SGX-ST between the bid price and the ask price;
N
"Non-Listed Security" A security listed on an overseas exchange and approved by SGX-ST for quotation and trading on the Non-Listed Securities market;
"Non-Listed Securities market" A place at which, or a facility by means which, offers or invitations to sell, purchase or exchange a Non-Listed Security are regularly made;
O
"Officer" Same meaning as in the Companies Act;
"Official List" The list of issuers maintained by SGX-ST in relation to the SGX Mainboard or SGX Catalist;
P
"Public" Persons other than:—
(a) Directors, Officers, Employees, Trading Representatives, agents or shareholders of the Trading Member and its subsidiary companies; and
(b) Connected persons to those mentioned in paragraph (a);
"Public Register of Representatives" Refers to the records of appointed representatives, provisional representatives and temporary representatives kept by the Authority in accordance with the Securities and Futures Act;
Q
"Qualification" The guarantee of a Clearing Member to accept liability for all contracts executed on SGX-ST by a Trading Member which it has qualified;
R
"Remisier" A Trading Representative who has a business arrangement with a Trading Member for dealing in securities or trading in Futures Contracts. A Remisier is not an employee of a Trading Member;
"Rules" SGX-ST Rules, excluding practice notes or any notes or other annotations to the SGX-ST Rules;
S
"Selected Foreign Security" A security traded on a Foreign Market that is eligible to be traded via the Service, as agreed between SGX-ST and the Foreign Exchange from time to time;
"Selected SGX Security" A security traded on SGX-ST that is eligible to be traded via the Service, as agreed between SGX-ST and the Foreign Exchange from time to time;
"Service" In relation to the Foreign Market Linkages Rule, means the service offered to Trading Members or trading participants of a Foreign Exchange (as the case may be) for co-trading, clearing and settlement of Selected Foreign Securities or Selected SGX Securities;
"SGX" Singapore Exchange Limited;
"SGXAccess" The facility for trading on SGX-ST which allows a Trading Member's systems for order management and automated order routing to connect to the Trading System, and to capture market data and news feeds from SGX-ST;
"SGX-SPV" A subsidiary of SGX that operates the Service under the Foreign Market Linkages Rule;
"SGX-ST" Singapore Exchange Securities Trading Limited;
"SGX Catalist" The Catalist Board operated by SGX-ST;
"SGX Mainboard" SGX-ST Mainboard;
"Specified Securities" Securities, Futures Contracts or classes of securities or Futures Contracts that SGX-ST prescribes for trading by a Designated Market-Maker;
"Stock Account" The securities account maintained by a Trading Member to house its proprietary securities or structured warrants;
T
"Trading Member" An entity that has been approved as Trading Member in accordance with SGX-ST Rules;
"Trading Representative" A person who is employed by or acts for or by arrangement with a Trading Member to deal in securities or trade in Futures Contracts;
"Trading System" Any electronic trading system for the automatic matching of orders designated and approved by SGX-ST for transactions on SGX-ST.

Amended on 3 April 20083 April 2008, 23 January 200923 January 2009 and 29 November 201029 November 2010.