SINGAPORE (Mar 13): The Singapore Exchange (SGX) is proposing to refine its SGX-Derivatives Clearing (SGX-DC) Clearing Fund requirements such that members will each contribute to the fund an amount that “more accurately reflects the risk it poses to SGX-DC”.

Among its proposed amendments are a methodology change, such that members’ contribution requirements are directly determined by potential stress-test losses that SGX-DC might suffer in the event a Clearing Member defaults.  

The bourse is also proposing to combine exchange-traded derivatives sand over-the-counter (OTC) commodity derivatives into a single contract class for risk management purposes.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook