Each General Clearing Member incorporated in Singapore shall at all times:—
(1) Base Capital Requirement
(a) maintain a base capital of not less than S$5,000,000; or
(b) in the case of a General Clearing Member who is also a clearing member of SGX-DC, maintain a base capital of not less than S$8,000,000;
(2) Financial Resources Requirement not cause or permit its financial resources to fall below its total risk requirement;
(3) Aggregate Indebtedness Requirement not cause or permit its aggregate indebtedness to exceed 1,200% of its aggregate resources; and
(4) Other Requirements comply with the accounting, reporting, book-keeping and any other financial and operational requirements prescribed by CDP.
Amended on 1 July 20081 July 2008.