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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
        • 6.4 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
          • 6.6.1
          • 6.6.2
          • 6.6.3
          • 6.6.4
        • 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
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    • SIAC DT Arbitration Rules
    • SIAC DC Arbitration Rules
    • Archive
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Breadcrumb

  1. SGX Rulebooks
  2. CDP Clearing Rules
  3. Rule 6 — Clearing and Settlement between Clearing Members and CDP
  4. 6.6 CDP'S Obligations in respect of Novated Contracts
  5. 6.6.2
  Versions

 
  • 21 Apr 2013
  • 22 Apr 2013 to 09 Dec 2018
  • 10 Dec 2018 to 05 Sep 2021
  • 06 Sep 2021
‹ 6.6.1 6.6.3 ›

6.6.2

Without prejudice to Rule 6.5.1B, if and to the extent that CDP determines that it is not or may not be possible or reasonably practicable to deliver securities in respect of a Novated Contract, CDP may cash settle its obligation to deliver securities, in whole or in part.

Refer to Practice Note 6.5.1B(2), 6.6.2, 6.7.11 and 8.2.2(3E).

Amended on 23 January 2009, 22 April 2013, 10 December 2018 and 6 September 2021.

‹ 6.6.1 6.6.3 ›
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