The Singapore Exchange (SGX) is seeking public comment on changes to the Singapore Exchange Derivatives Clearing rules, Finextra reports. The SGX is planning amendments to its default management framework for exchange-traded and over-the-counter (OTC) derivative contracts.
The bourse is planning to set up a mechanism to limit SGX clearing members’ default management liabilities. It has also proposed changes to the manner in which the clearing fund will be used in default scenarios.
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