www.sgx.com, Singapore Exchange ("SGX") is seeking public comments on proposed amendments to its derivatives clearing rules in order to provide the flexibility to accommodate physically deliverable contracts with varying delivery mechanisms and re-novation processes.
Presently, the derivatives clearing rules provide for delivery matching, and the posting of performance deposits and contract value, as the conditions for re-novation.? As SGX anticipates new physically deliverable contracts which have different conditions for re-novation, the proposed amendments will ensure that such new contracts are catered for.
The details of the proposed amendments can be found in Appendix A.
The consultation paper, which explains the rationale and proposed amendments in detail, will be available on SGX's website at www.sgx.com from today.? Market participants and members of the public can give their feedback and suggestions on the above proposed amendments from today until 10 March 2010 via email and post/courier or fax:
Email:?? rules@sgx.com
Post/Courier:
Singapore Exchange Limited
2 Shenton Way
#19-00 SGX Centre 1
Singapore 068804.
Attn:
Samuel Lim
Regulatory Policy
Risk Management and Regulation
Fax:?? 6534 2207
Todays Stock Signals suggest Singapore traders to Sell GOLD Below 1153 Target 1148 1142 Stop Loss 1159.
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