In computing the market value of securities bought and carried in a customer's margin financing account (such account being an account carried on the books of the Trading Member) and the market value of securities deposited as collateral by the margin customer, the Trading Member shall apply such applicable discounts as SGX-ST may prescribe from time to time.

Amended on 23 January 200923 January 2009 and 1 July 20161 July 2016.