Past version: Effective up to 20 Jan 2013

(1) Nothing in these Rules prohibits a Trading Member from imposing stricter Initial Margins and Maintenance Margins requirements, higher hair-cut rates, shorter payment periods for customers to deposit collateral, more frequent valuations of positions and collateral, and making calls for additional margins, as it sees fit.
(2) Trading Members must not set margin requirements that are less stringent than those prescribed by SGX-ST.