Whole Section

  • 4.20 Arrangements with Remisiers

    • 4.20.1

      A Trading Member must inform SGX-ST in writing at least seven days before a Dealer converts to a Remisier or vice versa, provided that SGX-ST may vary or waive the notice period at its discretion.

      Added on 3 June 20193 June 2019.

    • 4.20.2

      Where it engages a Remisier, a Trading Member shall:

      (a) enter into a written agency arrangement setting out all terms of its relationship with the Remisier;
      (b) conduct a credit assessment of the Remisier;
      (c) assign trading or other limits to such Remisier to restrict the Remisier's volume of business, such limits to take into account the credit assessment, and security deposit required, of the Remisier; and
      (d) require that the Remisier place a security deposit in the form of cash, acceptable collateral or a guarantee from a bank or financial institution operating in Singapore, of an amount determined by the Trading Member, taking into account the credit assessment of, and trading limit imposed on, the Remisier.

      Added on 3 June 20193 June 2019.