SGX Rulebooks
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Past version: Effective up to 09 Dec 2018

For any Settlement Day, CDP shall require and call for cash collateral from any Clearing Member for the value of every security which has not been made available in accordance with Rule 6.5.2A. The amount of such cash collateral shall be calculated and determined by CDP in its sole discretion.

CDP shall be entitled to net the amount of such cash collateral with the Final Settlement Balance of the Clearing Member for that Settlement Day, and payment of such cash collateral shall not be considered to have been made until payment of the Final Settlement Balance (as adjusted pursuant to this Rule 6.5.2C) has been made in accordance with Rule 6C.2.6.

CDP shall be entitled to utilise the cash collateral collected pursuant to this Rule 6.5.2C to meet the Clearing Member's obligations to CDP under these Clearing Rules, in such manner as CDP shall in its sole discretion determine.

The cash collateral collected pursuant to this Rule 6.5.2C shall not be entitled to interest.

Added on 26 April 201326 April 2013.