Each Clearing Member shall provide its contribution to the Clearing Fund in cash, government securities or in such other forms and subject to such conditions as may be prescribed by CDP from time to time. Such contribution shall form part of the assets of the Clearing Fund.

Amended on 1 July 20081 July 2008, 3 May 20113 May 2011 and 26 May 2023.

Where a Clearing Member provides its contribution to the Clearing Fund (or any part thereof) in the form of cash, CDP shall place the entire cash amount in an interest-bearing account with its bankers. CDP shall not be obliged to segregate the cash contributions and may commingle cash contributions for ease of administration.

Amended on 26 May 2023

Deleted on 21 January 201321 January 2013.

CDP shall have the absolute discretion to decide upon the bank or banks with which the cash contributions are to be placed on deposit and the terms of deposit, provided that any such bank shall be a licensed bank in Singapore within the meaning of the Banking Act 1970.

Amended on 26 May 2023

Save for manifest error, CDP's records shall be conclusive and binding on a Clearing Member as to its contributions to the Clearing Fund. Notwithstanding any manifest error in CDP's records, or any dispute in relation to such records, a Clearing Member shall provide, in accordance with these Clearing Rules, such contributions as required by CDP, and any rectification shall be done as soon as practicable after the dispute is resolved.

Added on 10 December 201810 December 2018 and amended on 26 May 2023.