SGX-DC CLEARING RULES SCHEDULE A Rule Violation Whether Composition Amount which may be Mandatory composition may Offered by the Clearing House, where minimum be offered the Clearing House has Determined the penalty Clearing Member to be Liable imposable by the DC Rule Brief Description of Rule Members 1st 2nd 3rd Violation Violation Violation Clearing Member to inform the Clearing $2,000 $4,000 $7,000 – – – House of the clearing Compoundable N.A. $4,000 $7,000 $10,000 arrangement with a 2.28A.1.1 Trading Member Clearing Member to provide such details as Not Compoundable Not Compoundable $10,000 requested by the Clearing House Clearing Member to pay such administrative fees 2.28A.1.2 Compoundable $500 $1,000 $2,000 N.A. as the Clearing House may levy Clearing Member to have in adequate internal control measures and $2,000 $4,000 $7,000 – – – 2.28A.1.3 Compoundable N.A. risk management $4,000 $7,000 $10,000 systems to monitor the Trading Member's trades Clearing Member to enter into a written agreement with the $2,000 $4,000 $7,000 – – – 2.28A.1.4 Trading Member setting Compoundable N.A. $4,000 $7,000 $10,000 out the terms and conditions governing their relationship Clearing Member to inform the Clearing House if it believes that a $2,000 $4,000 $7,000 – – – 2.28A.1.5 Trading Member whom it Compoundable N.A. $4,000 $7,000 $10,000 has a clearing arrangement with has defaulted or may default Clearing Member to have $2,000 $4,000 $7,000 – – – 2.28A.1.6 proper separation of front Compoundable $4,000 $7,000 $10,000 N.A and back office functions
SGX-DC CLEARING RULES SCHEDULE A Rule Violation Whether composition may be offered Composition Amount which may be Offered by the Clearing House, where the Clearing House has Determined the Clearing Member to be Liable Mandatory minimum penalty imposable by the DC Rule Brief Description of Rule Members 1st Violation 2nd Violation 3rd Violation 2.28A.1.1 Clearing Member to inform the Clearing House of the clearing arrangement with a Trading Member Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. Clearing Member to provide such details as requested by the Clearing House Not Compoundable Not Compoundable $10,000 2.28A.1.2 Clearing Member to pay such administrative fees as the Clearing House may levy Compoundable $500 $1,000 $2,000 N.A. 2.28A.1.3 Clearing Member to have in adequate internal control measures and risk management systems to monitor the Trading Member's trades Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. 2.28A.1.4 Clearing Member to enter into a written agreement with the Trading Member setting out the terms and conditions governing their relationship Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. 2.28A.1.5 Clearing Member to inform the Clearing House if it believes that a Trading Member whom it has a clearing arrangement with has defaulted or may default Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. 2.28A.1.6 Clearing Member to have proper separation of front and back office functions Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A