SGX Rulebooks
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Notwithstanding Rule 7.9.1, CDP shall be entitled to draw upon its available lines of credit or other such liquidity resources available to CDP at any time for the purposes set out in Rule 7.8 in the event that any of the assets comprising the Clearing Fund are not immediately available for application in accordance with Rule 7.9.1, such unavailability arising for example, where the cash deposits of the Clearing Fund are placed in fixed deposit accounts and penalty charges may be incurred for the premature termination of the fixed deposit accounts, or where there is delay in the realisation or disposal of the resources and assets of the Clearing Fund, or where there is delay in obtaining payment from the guarantees or other facilities of the Clearing Fund, or where CDP, in its absolute discretion, deems it advisable to draw upon its available lines of credit or other such liquidity resources available to CDP first.

Amended on 3 May 20113 May 2011 and 26 May 2023.