SGX: Seeks Public Comment On Default Management Process.

20 Nov 2020 17:31

Singapore Exchange is consulting the market on the process to manage outstanding securities transactions should a clearing member be in default. The proposal will align the Central Depository default management practices with global default management practices, and improve the efficiency and speed with which defaults may be resolved. This in turn will better protect the financial system from contagion risks due to the default of a clearing member...

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