Whole Section

  • 4.7 Qualification by A Clearing Member

    • 4.7.1 Qualified by a Clearing Member

      (1) A Trading Member must not execute a contract on SGX-ST unless it is qualified by a Clearing Member.
      (2) At any time, a Trading Member must be qualified by no more than 1 Clearing Member.
      (3) A Trading Member must immediately inform SGX-ST in writing if:—
      (a) it is not qualified by a Clearing Member; or
      (b) its qualifying Clearing Member is replaced by another Clearing Member. The Trading Member must submit to SGX-ST a copy of the written agreement between the new qualifying Clearing Member and itself.
    • 4.7.2 Clearing of Contracts by Qualifying Clearing Member

      A Trading Member must ensure all contracts concluded on SGX-ST are submitted to its qualifying Clearing Member for clearing.