Past version: Effective from 22 Apr 2019 to 16 Jul 2019
Each Bank Clearing Member incorporated in Singapore shall at all times:—
2.07.1B.1 Base Capital Requirement
a. maintain a base capital of not less than S$5,000,000; or
b. in the case of a Bank Clearing Member who is also a clearing member of CDP, maintain a base capital of not less than S$8,000,000; or
c. in the case of a Bank Clearing Member who clears only OTCF Contracts, maintain a base capital of not less than S$50,000,000;
or such other amount as may be prescribed by the Clearing House from time to time;
or such other amount as may be prescribed by the Clearing House from time to time;
2.07.1B.2 RRA Financial Requirement
comply with all applicable RRA Financial Requirements; and
comply with all applicable RRA Financial Requirements; and
2.07.1B.3 [Rule has been deleted.]
2.07.1B.4 Other Requirements
comply with the accounting, reporting, book-keeping and any other financial and operational requirements prescribed by the Clearing House in relation to the Bank Clearing Member's business governed by this Rules.
comply with the accounting, reporting, book-keeping and any other financial and operational requirements prescribed by the Clearing House in relation to the Bank Clearing Member's business governed by this Rules.
Added on 10 August 200710 August 2007 and amended on 3 November 20103 November 2010, 31 December 201331 December 2013 and 22 April 201922 April 2019.