5.1D.1
Each General Clearing Member incorporated outside Singapore shall at all times:—
not cause or permit its adjusted net head office funds to fall below its total risk requirement;
not cause or permit its aggregate indebtedness to exceed 1,200% of its aggregate resources; and
comply with the accounting, reporting, book-keeping and any other financial and operational requirements prescribed by CDP.
Added on 1 July 20081 July 2008.
5.1D.2
Each Bank Clearing Member incorporated outside Singapore shall at all times:—
comply with all applicable RRA Financial Requirements; and
comply with the accounting, reporting, book-keeping and any other financial and operational requirements prescribed by CDP in relation to the Bank Clearing Member's business governed by this Clearing Rules.
Added on 1 July 20081 July 2008 and amended on 25 August 200925 August 2009 and 22 April 201922 April 2019.
5.1D.3
A Clearing Member shall immediately notify CDP if it fails to meet the minimum capital and financial requirements prescribed in the preceding paragraphs or becomes aware that it will fail to comply with such requirements.
Added on 1 July 20081 July 2008.
5.1D.4
If CDP is notified by a Clearing Member under Rule 5.1D.3 or becomes aware (whether or not there has been any notification by the Clearing Member under Rule 5.1D.3) that such Clearing Member has failed to comply with the minimum capital and financial requirements prescribed in the preceding paragraphs, CDP may direct the Clearing Member to do one (1) or more of the following actions:—
Added on 1 July 20081 July 2008.