SGX consults public on proposed processes
Singapore
SINGAPORE Exchange (SGX) is seeking the market's views on the process of managing outstanding securities transactions when a clearing member is in default. The public consultation is open till Dec 21.
SGX is proposing to liquidate a member's outstanding trades in the event of that member's default. The bourse said that its proposal "will align the Central Depository (CDP) default management practices with global default management practices, and improve the efficiency and speed with which defaults may be resolved".
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