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8.12.2

SGX-ST may impose any conditions it thinks fit on dealing in a cornered security or in a futures contract on a cornered security. For avoidance of doubt, the conditions may include, but not limited to the following:

(a) from time to time extending (or further extending) the due date for delivery; or
(b) declaring that contracts will be cash settled (not delivered). SGX-ST may direct the terms of the cash settlement or apply the following terms (in whole or in part) as it thinks fit:
(i) in the case of a seller who contracted to sell for less than the fair settlement price, the seller must pay the buyer the difference between the fair settlement price and the contract price;
(ii) in the case of a seller who contracted to sell for more than the fair settlement price, the buyer must pay the seller the difference between the contract price and the fair settlement price;
(iii) in the case of a buyer who contracted to buy for less than the fair settlement price, the seller must pay the buyer the difference between the fair settlement price and the contract price; and
(iv) in the case of a buyer who contracted to buy for more than the fair settlement price, the buyer must pay the seller the difference between the contract price and the fair settlement price.

Added on 3 June 20193 June 2019.