What are the capital requirements of the bypass customer who trades JADE products? Answer: The bypass customer must maintain a capital of S$5 million. Question 5. Does the term “independent auditor” under the Waiver Conditions in Appendix 1 include an internal auditor? Answer: Yes. The auditor should be independent of the business function of the Member or its Group. Question 6. As a Member firm of CBOT, I have direct connectivity into e-CBOT for CBOT products and want to trade on JADE.

How can I clear my trades on JADE? Answer : You need to open an account with a SGX Clearing Member or the SGX Clearing Member Affiliate through which to clear trades of your firm and your related corporations as well as trades of your customers provided these customers’ trades have gone through your firm’s pre-execution checks.

Download pdf Jade Bypass Framework and Requirements