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  • SGX Rulebooks
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    • CDP Clearing Rules
      • Rule 1 — Application and Definitions
      • Rule 2 — Administration
      • Rule 3 — Membership
      • Rule 4 — Appointment of Chief Executive Officers and Directors
      • Rule 5 — Financial/Capital Requirements
      • Rule 5A — Position Accounts
      • Rule 6 — Clearing and Settlement between Clearing Members and CDP
        • 6.1 Clearing of Exchange Trades
        • 6.2 Clearing and Novation
        • 6.2A Obligations under Novated Contracts
        • 6.3 Set-Off of Payment Obligations in respect of Novated Contracts and Determination of Payment Obligations between CDP and Clearing Members
          • 6.3.1
          • 6.3.2
          • 6.3.2A
          • 6.3.3 [Rule has been deleted.]
        • 6.4 Settlement of Payment Obligations Between Clearing Members and CDP
        • 6.5 Settlement of Securities in respect of Novated Contracts
        • 6.6 CDP'S Obligations in respect of Novated Contracts
        • 6.6A [Rule has been deleted.]
        • 6.7 Buying-In, Procurement and Cash Settlement
        • 6.7A Penalties and Disciplinary Action for the Non-Delivery of Securities
        • 6.8 [Rule has been deleted.]
        • 6.9 [Rule has been deleted.]
        • 6.10 Emergency Powers
        • 6.11 Market Disorders, Impossibility of Performance, Emergency Situations
      • Rule 6A — Margin Requirements
      • Rule 6B — Collateral
      • Rule 6C — Payments
      • Rule 7 — Clearing Fund
      • Rule 8 — Default Rules
      • Rule 9 — Suspension or Restriction
      • Rule 10 — Liabilities
      • Rule 11 — Supervisory Rules
      • Rule 12 — Foreign Market Links
      • Rule 13 — General
      • Rule 14 — Transitional Provisions
      • Appendices
      • Regulatory Notices to CDP Clearing Rules
      • Practice Notes
      • Schedules
    • CDP Settlement Rules
    • DVP Rules [Entire Rulebook has been deleted]
    • CDP Depository Rules
    • Futures Trading Rules
    • SGX-DC Clearing Rules
    • SIAC DT Arbitration Rules
    • SIAC DC Arbitration Rules
    • Archive
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  1. SGX Rulebooks
  2. CDP Clearing Rules
  3. Rule 6 — Clearing and Settlement between Clearing Members and CDP
  4. 6.3 Set-Off of Payment Obligations in respect of Novated Contracts and Determination of Payment Obligations between CDP and Clearing Members
  5. 6.3.2
  Versions

 
  • 24 Feb 2011
  • 25 Feb 2011 to 25 Apr 2013
  • 26 Apr 2013 to 09 Dec 2018
  • 10 Dec 2018
‹ 6.3.1 6.3.2A ›

6.3.2

A Clearing Member's obligation to make payment and its entitlement to receive payment in respect of Novated Contracts on any Settlement Day shall be set off for each settlement currency.

The resultant net amount shall be known as the "Final Settlement Balance" for that Settlement Day and currency.

Amended on 23 January 200923 January 2009, 25 February 201125 February 2011, 26 April 201326 April 2013 and 10 December 201810 December 2018.

‹ 6.3.1 6.3.2A ›
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