SGX-DC Clearing Rules
Chapter 6 Delivery and Related Matters
6.02A Clearing House Merely Facilitates Delivery
6.02A.15.1 Title Documents and Transfer of Title or Possession
The Clearing House disclaims any liability arising from or in connection with the delivery or non-delivery of Title Documents by the clearing member of any Seller and any irregularities in the transfer of title and/or possession in the underlying Commodity from the Seller to the Buyer.
The Clearing House disclaims any liability arising from or in connection with the delivery or non-delivery of Title Documents by the clearing member of any Seller and any irregularities in the transfer of title and/or possession in the underlying Commodity from the Seller to the Buyer.
6.02A.15.2 Release of Payment
In no event shall the Clearing House be liable for releasing any payment in exchange for documents that appear bona fide on their faces.
In no event shall the Clearing House be liable for releasing any payment in exchange for documents that appear bona fide on their faces.
Added on 22 September 200622 September 2006 and amended on 26 January 200726 January 2007 and 1 October 20091 October 2009.