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10.4.5

For inbound Orders, SGX-SPV, in its capacity as agent for the Foreign Portal Dealer, must:—

(1) receive and route an Order from the Foreign Portal Dealer via the Exchange Link into the Trading System;
(2) provide electronic trade confirmation to the Foreign Portal Dealer as soon as practicable after the Order is matched on the Trading System;
(3) clear all trades resulting from the execution of the transactions as a Clearing Member of CDP; and
(4) comply with the settlement procedures between CDP and a Clearing Member.

Amended on 3 April 20083 April 2008.