Date Issued: 9 January 2008
Date Closed: 23 January 2008
Status: Closed for Consultation
SGX Issues Consultation Paper on Changes to Futures Trading Rules, SGX-DC Clearing Rules and Contract Specifications in Relation to TSR 20 Rubber and CPO Futures Contracts
Singapore Exchange (“SGX”) is inviting public comments on proposed amendments to the Futures Trading and SGX Derivatives Clearing (DC) Rules, and contract specifications of deliverable commodity futures contracts listed on Singapore Exchange Derivatives Trading Limited (“SGX-DT”). The proposed amendments are in relation to the performance deposits of TSR 20 Rubber and Crude Palm Oil (“CPO”) futures contracts. Performance deposits are sums of money that members post with SGX Clearing House to guarantee and secure the delivery of the contracts.
The proposed changes in relation to the performance deposits include :-
(a) allowing for additional asset classes to be posted as performance deposits;
(b) allowing for the adjustment of performance deposit quantum for commodity futures contracts; and
(c) clarifying Members’ obligations regarding the posting of performance deposits and other escrow assets.
In addition, SGX would also like to take the opportunity to seek comments on whether Deterioration of Bleachability Index ("DOBI") for CPO Futures contracts should be revised.
The consultation paper which set up the proposed amendments will be available on SGX website at www.sgx.com from 9 January 2008. Market participants and members of the public can forward their feedback and suggestions on the proposed changes from 9 January to 23 January 2008 via email and either by post/courier or by fax.
Email: rules@sgx.com
Post/Courier: Singapore Exchange Limited
2 Shenton Way, SGX Centre 1, #19-00
Singapore 068804
Attn: Vance Ng
Regulatory Policy
Risk Management & Regulation Group
|
