SGX Rulebooks
Link copied to clipboard
Past version: Effective from 25 Aug 2011 to 20 Jan 2013
Rule Violation Whether composition may be offered Composition Amount which may be Offered by CDP, where CDP has Determined the Clearing Member to be Liable Mandatory minimum penalty imposable by the DC
Rule Chapter/Number Brief Description of Rule 1st Violation 2nd Violation 3rd Violation
Rule 6 — Clearing and Settlement
6.4 Settlement of Payment Obligations
6.4.1 Clearing Member to pay CDP the Final Settlement Balance during prescribed time Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A.
6.6A Large Exposure Collateralisation for Clearing Members
6.6A.1 Clearing member to deposit with CDP collateral for large exposures within the prescribed time Compoundable S$2,000 – S$4,000 S$4,000 – S$7,000 S$7,000 – S$10,000 N.A.
6.8 Physical Delivery and Settlement
6.8.2.2 Clearing Member to deliver certificates to CDP by prescribed time on Settlement Day of the contracts Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A.
6.8.3 Clearing Member to effect cash settlement to CDP within the prescribed time Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A.

Added on 16 May 201116 May 2011.