5.1G.1

Past version: Effective up to 28 Dec 2014

For the purpose of Rules 5.1D, 5.1E and 5.1F, a Clearing Member may include one (1) or more qualifying letter(s) of credit deposited with CDP or SGX-DC in its calculation of adjusted net head office funds , subject to the total amount payable under the qualifying letter(s) of credit or 50% of its total risk requirement, whichever is lower. In the case of a Clearing Member admitted as a clearing member of CDP and SGX-DC, and which has deposited such qualifying letter(s) of credit with SGX-DC, pursuant to the corresponding provision in the SGX-DC Clearing Rules, it need not deposit another qualifying letter(s) of credit with CDP.

Amended on 1 July 20081 July 2008, and 25 August 200925 August 2009.