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SGX consults public on proposed processes

Janice Heng

Janice Heng

Published Fri, Nov 20, 2020 · 09:50 PM

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 manag…

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