2.08A.1

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SGX-DC Clearing Rules

Chapter 2 Clearing Membership 2.08A Early Warning Financial Requirements of Clearing Members Incorporated Outside Singapore

Past version: Effective from 31 Dec 2013 to 21 Apr 2019

Up to 30 Dec 2013
31 Dec 2013 to 21 Apr 2019
22 Apr 2019 onwards

Unless otherwise exempted under Rule 2.08.8, each Clearing Member incorporated outside Singapore shall immediately notify the Clearing House:—

2.08A.1.1 if its adjusted net head office funds or cash and/or acceptable government securities deposited with the Clearing House or CDP pursuant to Rule 2.08.1B.1 (whichever is applicable), fall below 120% of its total risk requirement; or

2.08A.1.2 in the case of a General Clearing Member, Direct Clearing Member or Remote Clearing Member, if its aggregate indebtedness exceeds 600% of its aggregate resources.

Amended on 10 August 2007 10 August 2007, 25 August 2009 25 August 2009, 3 November 2010 3 November 2010 and 31 December 2013 31 December 2013.