Each Bank Clearing Member incorporated outside 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) RRA Financial Requirement
comply with all applicable RRA Financial Requirements; and
comply with all applicable RRA Financial Requirements; 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.
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 and amended on 25 August 200925 August 2009 and 22 April 201922 April 2019.