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Settlement Processes - Cash

Derivatives Clearing

Settlement Processes - Cash

Derivatives Clearing System (DCS) is a system that is used for the sole purpose of supporting derivatives clearing & settlement and risk management functions.

This includes activities such as:

  1. Payment to Clearing House - Morning Margin Call
    • Send debit instructions to settlement banks before 8.00am of the clearing participants cash shortage amount.
    • The settlement bank will effect such transfer of funds to Clearing House Clearing Account on or before 8.45am (call no. 1) or 10.30am (call no. 2)
  2. Payment to Clearing House - Intraday Margin Call
    • Clearing House may call for additional margin from clearing participants on open position at any time during trading hours.
  3. Funds Payment to the Clearing House Funds Payment to the Clearing House

    Call No. 1: Transfer by 8.45 am
    Call No. 2: Transfer by 10.30 am

  4. Cash Excess Withdrawal from Clearing House
    • Withdrawal request to Clearing House before 10.00am
    • By 11.00am on the same business day, Clearing House will effect the transfer of excess cash requested to the clearing participant’s account
  5. Funds Withdrawal from the Clearing House Funds Withdrawal from the Clearing House