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10.8.1

A Trading Member must establish and maintain adequate internal control systems to:

(a) set credit limits or position limits;
(b) monitor positions to manage market and credit risks, and comply with notification requirements on monitoring thresholds as prescribed by SGX-ST;
(c) compute and collect margins, including conducting daily valuation of customers' positions and collateral;
(d) monitor margin calls;
(e) manage customers' accounts that are in margin deficit;
(f) manage customers' accounts that may fail to meet settlement obligations;
(g) define and manage sources of liquidity to ensure that there are sufficient liquidity facilities to meet increased settlement obligations;
(h) limit the impact of significant market movements through the use of tools such as cash flow projections, stress testing or credit limits; and
(i) meet such other requirements as SGX-ST may prescribe from time to time.

Added on 3 June 20193 June 2019.