Whole Section

  • 5.3 Qualification by a Clearing Member

    • 5.3.1

      A Trading Member cannot execute any contracts on SGX-ST unless it is qualified by a Clearing Member or is itself admitted as a Clearing Member.

      Added on 3 June 20193 June 2019.

    • 5.3.2

      A Trading Member must be qualified by no more than one Clearing Member at any time.

      Added on 3 June 20193 June 2019.

    • 5.3.3

      A Trading Member must inform SGX-ST in writing prior to it:

      (a) ceasing to be qualified by a Clearing Member; or
      (b) replacing a qualifying Clearing Member with another Clearing Member. In such an event, the Trading Member must submit to SGX-ST a copy of the written agreement between the new qualifying Clearing Member and itself.

      Added on 3 June 20193 June 2019.

    • 5.3.4

      A Trading Member must ensure all contracts concluded on or reported to SGX-ST are submitted to its qualifying Clearing Member for clearing.

      Added on 3 June 20193 June 2019.