Date Issued: 19 May 2006
Date Closed: 19 June 2006
Status:Completed
SGX-DC RELEASES CONSULTATION PAPER ON PROPOSED AMENDMENTS TO SGX-DC CLEARING RULES
Singapore Exchange Derivatives Clearing Limited (SGX-DC) is inviting public comments on its proposed amendments to the SGX-DC Clearing Rules. They are:-
1. The clearing of physically-delivered commodity products traded on the Joint Asian Derivatives Exchange (JADE) – a commodities derivatives market under development by Joint Asian Derivatives Pte. Ltd., a joint venture of Chicago Board of Trade (CBOT) Holdings, Inc. and the Singapore Exchange.
2. Harmonisation of the clearing rules to be consistent with the SGX-DT Trading Rules and to seek views on the factors determining daily settlement price.
3. Requiring Members to report to the Clearing House on: (a) all their credit facilities with financial institutions, on a monthly basis, and any changes to their credit facilities, immediately upon such changes; (b) the identification of the accounts used in specific situations.
Market participants and members of the public are encouraged to participate in this public consultation. The consultation paper will be available on the Exchange’s website at www.sgx.com from today. All feedback and suggestions on the proposed revisions to reach us latest by 19 June 2006 via:
| Email: | rules@sgx.com
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| Post/Courier: | Singapore Exchange Limited
2 Shenton Way, SGX Centre 1
#19-00,
Singapore 068804
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| Attn: | Mr Low Teng Yong / Ms Ng Ee San
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| Fax: | (65) 6535 6981 |
| SGX Consultation Paper - 19 May 2006 |
| Title | (In PDF) |
| Consultation Paper on Proposed Amendments to SGX-DC Clearing Rules |
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