7.4 Contributions by CDP

CDP Clearing Rules

7.4.1

Contributions by CDP to the Clearing Fund shall be in an amount determined by CDP and not less than 25% of the Clearing Fund size. The contributions shall consist of:

(1) a first contribution (“CDP First Contribution”) which shall be in an amount not less than 15% of the Clearing Fund size; and

(2) a second contribution (“CDP Second Contribution”).

Amended on 1 January 2010 1 January 2010, 3 May 2011 3 May 2011 and 26 May 2023.

Contributions by CDP to the Clearing Fund shall be in the form of cash or in such other form and subject to such conditions as may be determined by CDP. If any contributions by CDP (or any part thereof) is in the form of cash, such cash amount shall be placed in an interest bearing account with CDP's bankers and the entire interest earned on such contributions (or such part thereof) shall be paid to CDP.

Amended on 3 May 2011 3 May 2011 and 26 May 2023.

7.4.3 [Rule has been deleted.]

Deleted on 21 January 2013 21 January 2013.

7.4.4

CDP shall have the absolute discretion to decide upon the bank or banks with which the cash portion of contributions by CDP is to be placed on deposit and the terms of deposit, provided that any such bank shall be a licensed bank in Singapore within the meaning of the Banking Act 1970.

Amended on 3 May 2011 3 May 2011 and 26 May 2023.