Singapore Exchange Limited (SGX) is issuing an Addendum to its Public Consultation of October 25th 2007 on the introduction of Single Stock Derivatives ("SSD") on its securities market.
SGX is inviting additional comments on two aspects of SSD contracts, namely:
(a) the criteria for adjustments to SSD contracts where the underlying security is the subject matter of corporate action(s); and
(b) the availability of settlement of SSD contracts through Depository Agents. SSDs will be a new product class on the SGX Securities Trading (SGX-ST) market. They are exchange-listed derivatives on single underlying securities which are listed or quoted on SGX-ST, and enable investors to buy into an underlying stock at an agreed price on the day of the trade. The trade will then be settled at a future date. The proposed launch is aimed at expanding the current suite of equity derivatives available to investors.
The addendum to the consultation paper will be available on SGX website from today. Market participants and members of the public can forward their feedback and suggestions on the above proposed amendments from today to 7 December 2007 via email and either by post/courier or fax.
During this further consultation period, SGX will continue to accept any additional comments from the market in respect of the SSD consultation paper released on 25 October 2007 available at http://info.sgx.com/SGXWeb_RMR.nsf/NEWDOCNAME/PC_251007).
Post/Courier: Singapore Exchange Limited
2 Shenton Way, SGX Centre 1, #19-00
Attn: Chng Hwee Chin
Risk Management & Regulation Group
Fax: 6535 5573