AsianInvestor.net, 17 Jun 2009, Rita Raagas De Ramos
The Singapore Exchange wants securities member firms to take responsibility for the risks they bring to the financial market.
The Singapore Exchange (SGX) wants to deepen the pockets of the Central Depository (CDP) to ensure that there are more funds available to cover potential losses in the event that one or more of its securities member firms collapse.
The SGX has proposed revising the CDP Clearing Fund structure and introducing collateralisation of large securities settlement exposures of clearing members.
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