SGX Rulebooks
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The Clearing Fund shall be applied in the following order:—

(1) first, the contributions made by the Defaulting Clearing Member to the Clearing Fund;
(2) second, the CDP First Contribution;
(3) third, subject to Rules 7.10.4, 7.10.5 and 7.10.6, the Collateralised Contributions from all non-Defaulting Clearing Members. Each non-Defaulting Clearing Member’s Collateralised Contribution will be applied on a pro rata basis, based on that non-Defaulting Clearing Member's required Collateralised Contribution relative to the aggregate required Collateralised Contributions of all non-Defaulting Clearing Members;
(3A) fourth, the CDP Second Contribution; and
(4) fifth, subject to Rules 7.10.4, 7.10.5 and 7.10.6, the Contingent Contributions from all non-Defaulting Clearing Members. Each non-Defaulting Clearing Member’s Contingent Contribution will be applied on a pro rata basis, based on that non-Defaulting Clearing Member's required Contingent Contribution relative to the aggregate required Contingent Contributions of all non-Defaulting Clearing Members.
(5) [Rule has been deleted.]
(6) [Rule has been deleted.]

Amended on 3 May 20113 May 2011, 26 May 2023 and 31 October 2024.