For third-party clearing arrangements, a Clearing Member may authorise an SGX-ST Trading Member it qualifies (referred to in this Rule 5A.4. as the "Authorised Trading Member") to:

(a) open and maintain Position Accounts for; or
(b) open, maintain and allocate positions to the Position Accounts of,

the SGX-ST Trading Member and/or the SGX-ST Trading Member's customers (such Position Accounts referred to in this Rule 5A.4 as the "Authorised Accounts"), in accordance with such procedures as CDP may require.

Amended on 1 July 20161 July 2016 and 10 December 201810 December 2018.