SGX Rulebooks
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Past version: Effective up to 02 May 2011

Notwithstanding Rule 7.9.1, CDP shall be entitled to draw upon the Standby Line of Credit at any time for the purposes set out in Rule 7.8 in the event that there is any delay in obtaining payment from the Clearing Fund in any Stage of the Order, such delays 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 arising out of the realisation or disposal of the resources and assets of the Clearing Fund or delay in obtaining payment from the policies, guarantees or other facilities of the Clearing Fund or where CDP, in its absolute discretion, deems it advisable to draw upon the Standby Line of Credit first.