pstrongspan style="font-size:11pt; font-variant:normal; white-space:pre-wrap"span style="font-family:Arial,sans-serif"span style="color:#000000"span style="font-weight:700"span style="font-style:normal"span style="text-decoration:none"The proposed cap aims to provide certainty.
The Singapore Exchange is proposing a refinement to the existing cap on clearing members' liability for default losses stemming from multiple default events.
"Our proposed rule changes align the interests of non-defaulting clearing members and the market. Limiting default loss liability without requiring resignation offers greater certainty and strengthens CCPs' recovery processes." Agnes Koh, Chief Risk Officer at SGX Group said in a local bourse announcement.
However, with consecutive default events, non-defaulting members face substantial exposure. This may prompt members to resign to limit losses. We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.Prime grade office rents in Raffles Place, Marina Bay up 0.
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