SGX Rulebooks
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7.2.1

Except as otherwise provided in this Clearing Rules or as determined by CDP, each Clearing Member shall pay to CDP contributions to the Clearing Fund in such amounts as may be determined under this Clearing Rules or by CDP in its absolute discretion. Each Clearing Member shall pay to CDP its contributions to the Clearing Fund (or any part thereof) when called upon and by such time as stipulated by CDP.

Amended on 1 July 20081 July 2008, 3 May 20113 May 2011 and 26 May 2023.

7.2.1A

A Clearing Member is required to make the following contributions to the Clearing Fund:

(1) [Rule has been deleted.]
(2) a collateralised contribution (“Collateralised Contribution”) which shall be in an amount determined by CDP from time to time based on the exposure that the Clearing Member’s trades bring to CDP and subject to a minimum of $500,000 or such other amount as CDP may specify; and
(3) a contingent contribution (“Contingent Contribution”) which shall be in an amount determined by CDP from time to time and shall not exceed an amount equal to the Clearing Member’s Collateralised Contribution. CDP may at any time call for the deposit of a Clearing Member’s Contingent Contribution (or any part thereof).

Added on 3 May 20113 May 2011 and amended on 26 May 2023.

7.2.5

CDP shall notify each Clearing Member in writing of the Collateralised Contribution and the Contingent Contribution that the Clearing Member is required to pay under these Rules.

Added on 3 May 20113 May 2011 and amended on 26 May 2023.