SINGAPORE (March 22): The Singapore Exchange Group (SGX) has proposed a refinement of the existing cap on a clearing member’s liability to meet default losses arising from multiple events of default. 

This cap is imposed on clearing members of SGX’s central counterparties (CCPs), namely the Central Depository (CDP) and Singapore Exchange Derivatives Clearing (SGX-DC).

Subject to market feedback, the proposal will limit a non-defaulting clearing member’s liability to meet...(click on link for full story on theedgesingapore.com)