Default Management Framework for Derivative Contracts
03 Oct 2011
Source: Singapore Exchange
Deadline: 3 October 2011
Singapore Exchange (SGX) is consulting on amendments to the rules of ‘Singapore Exchange Derivatives Clearing Limited (SGX-DC)’. With this, SGX-DC expands its default management framework to safeguard the clearing system in the event of several Clearing Members’ defaulting in quick succession, in line with global regulatory reforms for the centralised clearing of OTC derivatives.
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