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

Unless otherwise exempted under Rule 2.08.8, if the Clearing House is notified by a Clearing Member under Rule 2.08A.1.1 or becomes aware (whether or not there has been any notification by the Clearing Member under Rule 2.08A.1.1) that such Clearing Member's 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), have fallen below 120% of its total risk requirement, the Clearing House may direct such Clearing Member to comply with one (1) or more of the directions prescribed under Regulation 7(3) of the SFR (Financial and Margin Requirements). For the avoidance of doubt,in the case where such Clearing Member is a Bank Clearing Member,reference in Regulation 7(3) of the SFR (Financial and Margin Requirements) to:

(a) "customer's positions, margins, collateral, assets and accounts", shall be read to mean customer's positions, margins, collateral, assets and accounts falling within the Bank Clearing Member's business governed by this Rules; and
(b) "business" shall be read to mean the Bank Clearing Member's business governed by this Rules.
2.08A.2.1 [Rule has been deleted]
2.08A.2.2 [Rule has been deleted]
2.08A.2.3 [Rule has been deleted]

Amended on 27 March 200627 March 2006, 10 August 200710 August 2007, 25 August 200925 August 2009, 3 November 20103 November 2010 and 31 December 201331 December 2013.