SGX proposes new CCP tools to manage member defaults

As lawmakers and regulators grapple with the increasing systemic importance of clearing houses (CCPs), Singapore Exchange on Thursday proposed new rules for its derivatives clearing house and central depository to better manage a member default.

  • By Costas Mourselas
  • 19 Jul 2018

The proposed rules, which were put out in a consultation, include the power for SGX’s derivatives clearing house to cancel open positions held by healthy clearing members for specific asset classes when they perfectly offset contracts held by a defaulting clearing member.

This process is known as a ...

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