For the computation of Customer Variation Margins and Clearing Member Variation Margins, the Valuation Price of a Novated Contract shall be determined in accordance with the relevant formula and procedures applicable to each Novated Contract, as determined by CDP. In arriving at such formula, CDP may, in consultation with SGX-ST, take into account factors, including but not limited to:
(1) the last traded price;
(2) the latest bid and offer spread; and
(3) price data derived from pricing models, as selected or established by CDP from time to time.
Added on 23 January 200923 January 2009 and amended on 21 January 201321 January 2013 and 3 June 20193 June 2019.