Insights
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:
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Payment to Clearing House - Morning Margin Call
- Sent debit instruction to settlement banks by 8.00am and 9.30am through RENTAS system of the clearing participants cash shortgae amount.
- The settlement bank will effect such transfer of funds to Clearing House RENTAS account on or before 8.45am (call no. 1) or 10.30am (call no. 2).
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Payment to Clearing House - Intraday Margin Call
- Clearing House may call for additional margin from clearing participant’s on open position at any time during trading hours.
- Clearing House sent debit instruction through RENTAS system and the settlement bank must effect such transfer of funds to Clearing House RENTAS account within an hour from the intraday margin call.
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Funds Payment to the Clearing House
Call No. 1: Transfer by 8.45 am
Call No. 2: Transfer by 10.30 am -
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 through RENTAS system.
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Funds Withdrawal from the Clearing House