Whole Section

  • 9.1 Mode of Settlement for Trades Cleared by CDP

    • 9.1.1

      Unless otherwise specified by SGX-ST, delivery of securities for settlement of trades in securities or deliverable futures contracts that are designated by CDP as eligible for clearing is by book entry at CDP.

      Added on 3 June 20193 June 2019.

    • 9.1.2

      Delivery of physical certificates is not accepted for settlement of trades in securities or deliverable futures contract that are designated by CDP as eligible for clearing.

      Added on 3 June 20193 June 2019.

    • 9.1.3

      A Securities Account must be maintained with CDP by or for customers who trade in securities or deliverable futures contracts that are designated by CDP as eligible for clearing and by or for each Trading Member who trades in such securities or futures contracts for their own account. The Securities Account may be maintained directly with CDP or through a depository agent.

      Added on 3 June 20193 June 2019.

    • 9.1.4

      Unless otherwise agreed between a customer and a Trading Member, trades are settled in the currency of quotation at the exchange rate determined by the Trading Member.

      Added on 3 June 20193 June 2019.