Versions

 

2.07.1A

Each Direct Clearing Member incorporated in Singapore shall at all times:—

2.07.1A.1 Base Capital Requirement
maintain a base capital of not less than S$5,000,000;
2.07.1A.2 Financial Resources Requirement
not cause or permit its financial resources to fall below its total risk requirement;
2.07.1A.3 Aggregate Indebtedness Requirement
not cause or permit its aggregate indebtedness to exceed 1,200% of its aggregate resources; and
2.07.1A.4 Other Requirements
comply with the accounting, reporting, book-keeping and any other financial and operational requirements prescribed by the Clearing House.

Added on 27 March 200627 March 2006 and amended on 10 August 200710 August 2007.