SGX Rulebooks
Link copied to clipboard
Custom Print

4.3.1

A Settlement Instruction (other than a Settlement Instruction described in Rule 4.3.4) shall not be eligible for settlement unless and until it has been matched with the corresponding Settlement Instruction, in accordance with such matching criteria as CDP may define.

Added on 10 December 201810 December 2018.

4.3.2

A Settlement Participant may specify, in which event CDP will take into account, a tolerance level for differences in money value when determining a match. CDP shall notify the relevant Settlement Participants of the money value at which the Settlement Instructions are matched and will be settled.

Added on 10 December 201810 December 2018.

4.3.3

A Settlement Participant may submit a request to amend or cancel any Settlement Instruction to which it is a party but CDP will not act on such request unless and until the request has been matched with a corresponding request from the other party to the Settlement Instruction.

Added on 10 December 201810 December 2018.

4.3.4

This Rule 4.3 does not apply to the following Settlement Instructions:

(a) Settlement Instructions submitted by CDP; and
(b) Settlement Instructions submitted by a Settlement Participant to deliver securities to or from a Securities Account as authorised by the Securities Account holder.

Added on 10 December 201810 December 2018.