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10.9.2

(a) A Trading Member must procure Initial Margins from its customers and must require the customers to meet the Required Margins for the purpose of meeting margin requirements of Marginable Futures Contracts within two Market Days from the trade date (T+2). Initial Margins and Required Margins must be met in the form of collateral as prescribed by SGX-ST from time to time. Such collateral must be in the form of cash, government securities, selected common stocks, bank certificates of deposit, gold bars, gold certificates or such other instruments as SGX-ST may permit from time to time. Valuation of such collateral must be in accordance with the haircut rates prescribed by SGX-ST.
(b) Except for a Remote Trading Member, a Trading Member shall not accept as collateral, currency and financial instruments denominated in currencies that are subject to exchange controls such that they are illegal tender outside the currency's home country, or are restricted by any form of capital controls for the purpose of meeting margin requirements of Marginable Futures Contracts.

Added on 3 June 20193 June 2019.