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2.08.1

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

2.08.1.1 Base Capital Requirement
a. maintain net head office funds 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 net head office funds 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 net head office funds of not less than S$50,000,000;
or such other amount as may be prescribed by the Clearing House from time to time.
2.08.1.2 Financial Resources Requirement
not cause or permit its adjusted net head office funds to fall below its total risk requirement;
2.08.1.3 Aggregate Indebtedness Requirement
not cause or permit its aggregate indebtedness to exceed 1,200% of its aggregate resources; and
2.08.1.4 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.