FIA responds to SGX proposal on collateral segregation

8 September 2015

The Singapore Exchange (SGX) invited comments on its proposal to enable bank affiliates of a clearing member to segregate their positions and collateral from that of the clearing member ("Affiliate Segregation"). The aim of the proposal is to assist clearing member bank affiliates to achieve greater capital efficiencies under Basel III requirements relating to bank exposures to CCPs. 

FIA has responded to the Consultation and we are in support of the introduction of Affiliate Segregation and initiatives that help foster participation and access to centrally cleared markets.  FIA have however highlighted a number of issues that it urges SGX to consider prior to practical implementation including drafting changes for proposed rule amendments and documentation requirements. 

The full response can be accessed in the PDF in Resources on the right.

  • FIA
  • Capital
  • Clearing
  • Customer Protection \ Segregation