Singapore Exchange

www.sgx.com  
Tel : 65 6236 8888
Fax : 65 6533 4310

 

Representatives

            Chairman : Mr. Chew Choon Seng

            Chief Executive Officer : Mr. Magnus Bocker

Types of Securities Traded

Name of Trading Systems

(cash and derivatives)

Trading Hours

 

  1. Stocks
  2. American Depository Receipts
  3. Business Trusts
  4. Company Warrants
  5. Fixed Income
  6. Global Depository Receipts
  7. REITS
  8. Securities Borrowing & Lending
  9. Exchange Traded Funds (ETF)
  10. Exchange-Traded Note (ETN)
  11. Extended Settlement
  12. Stapled Securities
  13. Structured Warrants

 

 

Cash and Securitized Derivatives : SGX Reach

 

 

 

Securities Trading Hours

 

Trading sessions are held daily from Mondays to Fridays between 9.00am – 5.00pm. In addition, there is an Pre-Open Routine (8.30am – 9.00am) and Pre-Close Routine (5.00pm – 5.06pm). There is no trading on Singapore public holidays. When a holiday falls on Sunday, the following Monday will be a public holiday.

 

 

Trading Hours

9.00 am - 5.00 pm

*Pre-Open  8.30 am - 8.58 am

Non-Cancel 8.58 am - 9.00 am

*Pre-Close 5.00 pm - 5.04 pm

Non-Cancel 5.04 pm - 5.06 pm

 

*The timing of the end of Pre-Open and Pre-Close phases of trading is random

 

 

Types of Securities Traded

Name of Trading Systems

(cash and derivatives)

Trading Hours

FINANCIALS

Interest Rates

SGX 10-Year Full-Sized Japanese Govt Bond Futures

SGX 10-Year Mini Japanese Government Bond Futures / Options

SGX 5-Year Singapore Government Bond Futures

SGX Eurodollar Futures / Options

SGX Euroyen LIBOR Futures/ Options

SGX Euroyen TIBOR Futures / Options

SGX Singapore Dollar Interest Rate Futures

 

 

Equity Indices

SGX CNX Nifty Index Futures / Options

SGX EURO STOXX 50 Index Futures / Options

SGX FTSE China A50 Index Futures

SGX MSCI Asia APEX 50 Index Futures

SGX MSCI Hong Kong+ Index Futures

SGX MSCI Indonesia Index Futures

SGX MSCI Singapore (SiMSCI) Futures / Options

SGX MSCI Taiwan Index Futures / Options

SGX Mini Nikkei 225 Index Futures

SGX Nikkei 225 Index Futures / Options

SGX Straits Times Index Futures

SGX USD Nikkei 225 Index Futures

 

Dividend Indices

SGX Nikkei Stock Average Dividend Point Index Futures

 

COMMODITIES

SICOM Rubber Futures

SICOM TSR20 Rubber Futures

SICOM RSS3 Rubber Futures

 

Oil Futures

Fuel Oil 380cst (FB) Futures

 

Metals

LME-SGX Copper Futures

LME-SGX Aluminium Futures

LME-SGX Zinc Futures

 

ASIACLEAR (OTC CLEARING)

Bulk Commodities

TSI Iron Ore (62% Fines) CFR China

Indonesia Sub-Bituminous Coal FOB Indonesia

CFR South China Coal

 

Freight

OTC Freight Derivatives – 11 contracts

OTC Container Swaps – 4 contracts

OTC Oil Swaps – 23 contracts

OTC Petrochemical – 1 contract

OTC Bulk Commodities – 3 contracts

OTC SICOM Rubber – 3  Origin Contracts

 

FX Forwards

OTC FX Forwards in 7 Asian currencies settled in USD

 

Interest Rates Swap

Fixed vs Floating rate swaps in USD and SGD

 

 

SGX QUEST
(Tradable Instruments)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AsiaClear TRS

(For OTC Clearing)

 

 

 

 

 

 

 

 

 

 

Industry-used trade registration system

 

 

 

Trading hours for the derivatives segment differs according to each contract. For more information:
http://www.sgx.com/wps/portal/sgxweb/home/products

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Supervisory Body

Monetary Authority of Singapore (MAS)

 

Name of Clearing & Settlement Organization

SGX-DC – For Derivatives Clearing and Settlement Operations

 

Settlement Cycle

Clearing

Singapore Exchange Derivatives Clearing (SGX-DC), a wholly owned SGX subsidiary, provides clearing for:

1. Products listed on Singapore Exchange Derivatives Trading (SGX-DT)

2. OTC commodity trades registered via the SGX OTC Trade Registration Platform (TRS)

3. OTC financial derivatives trades registered via industry-used trade registration system

An SGX- DC Member may clear proprietary and customer transactions of SGX-DT products, and/or OTC commodities products, or proprietary trades of OTC financial derivatives. SGX-DC intends to eventually offer clearing of customers’ OTC financial derivatives transactions.

SGX-DC is now a Qualifying CCP (Central Counterparty). Members of Qualifying CCPs are subject to lower capital requirement for their trade and default fund exposures under the new Basel III framework introduced by the Basel Committee on Banking Supervision. This means that as an SGX-DC member, you will benefit from lower capital costs. As an illustration, capital requirement for default fund exposures to SGX-DC is less than 1% compared to 100% for Non-Qualifying CCPs.

Settlement

SGX-DC runs a settlement cycle for all derivatives products daily.  During the settlement cycle, margins for outstanding positions are calculated and the following are settled on trades executed for current day clearing and positions that are brought forward from previous day:

- settlement variation for futures and OTC swaps;

- premium for options;

- coupon for OTC financial instruments;

- price alignment interest for OTC financial instruments; and

- clearing fees and other trade related fees.

To reduce SGX-DC’s exposure to intra-day price changes, SGX-DC performs 3 intra-day margin cycles daily: - once in the late morning and once in the afternoon for current day trades and positions; and - once immediately after the end-of-day settlement cycle that includes trades for next day clearing.

At each intra-day cycle, trades and positions are marked-to-market and margin requirement re-calculated.  The computed profits and losses for futures and OTC swaps, and premium for option trades are collateralized together with margin requirement.

At the end of each clearing cycle, SWIFT debit instructions are sent to SGX-DC’s settlement banks to debit Clearing Members’ accounts for margin calls.  Settlement banks are required to confirm the banking instructions within a stipulated time via SWIFT

Name of Central Securities Depository

Central Depository (Pte) Limited (CDP)

Commissions on Transactions levied by Exchange

CDP charges a clearing fee of 0.04% on the value of each contract, subject to a cap of S$600 (except for structured warrants which charges 0.05% of the contract value, subject to a cap of S$200).

Access trading fees of 0.0075% of contract value are charged to members.

 

Taxes on Dividends, Interests 

No dividend tax or withholding tax on dividends paid to non-residents. However, tax at the prevailing corporate tax rate is deducted from the gross dividends payable.

 

Share ownership thresholds (%)

There are no restrictions on the acquisition of securities by foreign investors. Foreign ownership is restricted only in certain companies. There are also no limitations on the repatriation of income, capital and capital gains.

 

Short selling (Yes / No)

Yes

Short selling conditions (if any)

No restriction on short selling. Short sellers, however, will need to cover their short positions by the end of the day. Failing to do so will attract buying-in and its attendant penalties.

Holiday
25th December
1st January
31st January
1st February
18th April
1st May
13th May
28th July
9th August
5th October
6th October
23rd October
25th December
This page was last updated on: 11/19/2013 - 14:31