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CDP Depository Rules

17.1 Definitions

A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z

TermMeaning
A
Account Holderhas the same meaning as defined in the Act.
Act[deleted]
B
business daymeans a day on which the Depository is open for business.
Boardmeans the board of directors of CDP.
C
CDP or Depositorymeans The Central Depository (Pte) Limited and, where the context requires, shall include its nominees.
CDP Clearing Rulesmeans the CDP Clearing Rules applying to all dealings in securities which are cleared through CDP, as the same may be varied, amended or supplemented from time to time.
CDP Rulesmeans the rules as set out herein, including, save where expressly indicated otherwise, Directives and Circulars, as the same may be varied, amended or supplemented from time to time.
Circularsshall have the meaning ascribed to it in Rule 1.2.2.
Clearing Membermeans an entity approved as a Clearing Member of CDP.
D
Deposited Securitiesmeans the securities deposited with the Depository by a Depositor.
Depositorshall have the meaning ascribed to it in the Act.
Depository Agentshall have the meaning ascribed to it in the Act.
Depository Agent Agreementmeans the agreement entered into between the Depository and an applicant whose application to become a Depository Agent has been approved by the Depository, as the same may be varied, amended or supplemented from time to time and shall include the application form submitted by the applicant to become a Depository Agent.
Directiveshall have the meaning ascribed to it in Rule 1.2.2.
E
Eligible Securitiesmeans securities accepted or designated by the Depository or its nominee for deposit, custody, clearing or book-entry settlement.
Exchange Trademeans:
 
(1) a trade transacted on or through any electronic trading system maintained by SGX-ST for the automatic matching and execution of trades in securities listed and/or quoted on the SGX-ST for the automatic matching and execution of trades in securities listed and/or quoted on the SGX-ST pursuant to the SGX-ST Rules; or
(2) a trade reported to SGX-ST pursuant to the SGX-ST Rules, including but not limited to Direct Business (as defined in the SGX-ST Rules); or
(3) a trade reported by a Clearing Member to CDP, which CDP accepts for clearing in Inter-Broker Settlement; or
(4) a trade transacted on such exchange (other than SGX-ST) with which CDP may have direct or indirect clearing arrangements from time to time, or in relation to which trade CDP has clearing arrangements in place;
with the exception of such trades as CDP may from time to time stipulate as not being "Exchange Trades" falling under the CDP Clearing Rules
F
Foreign Securitiesmeans securities issued by an issuer, which are deposited with a foreign depository, sub-custodian or custodian, for the purpose of the clearance and/or settlement of transactions of such securities on SGX-ST or a foreign stock exchange, or for the purpose of custody.
I
Indemnified Personsshall have the meaning ascribed to it in Rule 14.1.
Inter-Broker Settlementmeans the system and process of settlement of Exchange Trades between the Clearing Members and CDP.
Issuermeans a company or any other person whose securities have been accepted or designated by the Depository as Eligible Securities.
M
MASmeans the Monetary Authority of Singapore.
P
Practice Noteshall have the meaning ascribed to it in Rule 1.2.2.
Proceedingsshall have the meaning ascribed to it in Rule 14.1.3
R
Record Datemeans the date fixed by the Issuer for the purposes of determining entitlements to dividends or other distributions to or rights of holders of its securities.
S
securitieshas the meaning ascribed to it in section 81SF of the Securities and Futures Act but shall in any event include any product that is a "security" as defined in the CDP Clearing Rules, regardless of whether that product is classified as a "security" under the Act.
Securities Accountmeans the securities account maintained by a Depositor with the Depository (but does not include Sub-Accounts) and shall include the deemed securities account maintained by a Depository Agent with the Depository (as referred to in Rule 4.7).
Securities and Futures Act/Actmeans the Securities and Futures Act 2001 or any statutory amendment, modification, or re-enactment thereof for the time being in force, or any statute that may replace it, and where the context permits, includes any subsidiary legislation or regulations made pursuant thereto.
SGX RegComeans Singapore Exchange Regulation Pte. Ltd.
SGX RegCo Boardmeans the board of directors for the time being of SGX RegCo or such number of them as have authority to act for the SGX RegCo Board.
SGX-STmeans Singapore Exchange Securities Trading Limited.
SGX-ST Rulesmeans the SGX-ST Rules as the same may be varied, amended or supplemented from time to time.
Sub-Account Holdershall have the meaning ascribed to it in the Act.
Sub-Accountsmeans the securities sub-accounts maintained by each Depository Agent for its own account and for the account of its clients.
T
Terms and Conditionsmeans the terms and conditions governing Securities Accounts, as the same may be varied, amended or supplemented from time to time.
Trading Membermeans a person who is not a Clearing Member and whose Exchange Trades have been qualified by a Clearing Member in accordance with the CDP Clearing Rules.

Amended on 15 September 201715 September 2017, 8 October 20188 October 2018, 3 June 20193 June 2019 and 18 January 2022.

17.2 General Principles of Interpretation

17.2.1 Any words importing the singular number only shall, where the context permits, include the plural number and vice versa.
17.2.2 Any words importing the masculine gender shall include the feminine gender and shall, where the context permits or requires, include a partnership or an incorporated company.
17.2.3 Any reference to a particular rule in these CDP Rules shall include the sub-sections of that rule.
17.2.4 References in these CDP Rules to statutory provisions shall be construed as references to those provisions as modified or re-enacted from time to time and to any subordinate legislation made under such provisions and shall include references to any repealed statutory provisions which have been so re-enacted (whether with or without modification).
17.2.5 The headings in these CDP Rules are for convenience only and do not affect the construction of these CDP Rules.