March 13, 2018 / 9:14 AM / 5 months ago

BRIEF-Singapore Exchange Proposes To Refine Members' Derivatives Clearing Fund Requirements

March 13 (Reuters) - Singapore Exchange Ltd:

* SINGAPORE EXCHANGE LIMITED (NEWS RELEASE: SGX PROPOSES TO REFINE MEMBERS’ DERIVATIVES CLEARING FUND REQUIREMENTS)

* ‍SUBJECT TO REGULATORY CLEARANCE, SGX INTENDS TO INTRODUCE REFINEMENTS IN Q3 OF 2018​

* AMENDMENTS ALSO INCLUDE COMBINING EXCHANGE-TRADED DERIVATIVES AND OTC COMMODITY DERIVATIVES INTO A SINGLE CONTRACT CLASS

* AMENDMENTS INCLUDE CHANGE SUCH THAT MEMBERS’ CONTRIBUTION REQUIREMENTS ARE DIRECTLY DECIDED BY POTENTIAL STRESS TEST LOSSES

* POTENTIAL STRESS TEST LOSSES REFER TO THOSE THAT SGX-DC MIGHT SUFFER IN EVENT OF A DEFAULT OF A CLEARING MEMBER Source text for Eikon: Further company coverage:

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