Abaxx Clearing performs post-trade clearing, risk management and settlement services for Abaxx Exchange. By acting as the buyer to every seller and the seller to every buyer, the clearinghouse stands to mitigate counterparty credit risk and completes the full service offering of Abaxx Exchange.

The Operations team will support the post-trade experience for Clearing Members across all clearing-related functions. Key activities include:

• Settling Clearing Member financial obligations (e.g., margin, guaranty fund, physical delivery), lodgement and withdrawal of collateral.
• Conducting two standard clearing cycles throughout the trading day for the purposes of settling margin requirements (variation margin, initial margin, additional margin).
• Processing financial transactions (e.g., instructions, confirmations, reconciliations) between Clearing Members and Abaxx Clearing at the settlement bank.
• Providing daily trade, position, and risk reports as well as reconciliations for key post-trade functions.

Clearing Members are required to maintain accounts at an appointed settlement bank.

Clearing and Settlement Timings (SGT)

During a currency holiday, any settlement and/or collateral management transactions denominated in that currency shall be settled on the next business day which is not a currency holiday. Clearing Members shall make any necessary prior arrangements to ensure that they are able to meet financial obligations that fall due on a holiday.

USD Holiday Schedule for Year 2024

USD Holiday Schedule for Year 2025

USD Holiday Schedule for Year 2026

Position Limit, Position Accountability, and Reportable Level

*effective during the last 10 Trading Days for a maturing contract

The following reports are available to Clearing Members via SFTP:

1.  Cash Transactions
2.  Collateral Holdings
3.  Collateral Transactions
4.  Delivery Transactions
5.  Fee Transactions
6.  Holdings
7.  Instruments
8.  Instrument Prices
9.  Margin Calculations
10.  Odd Lot Transactions
11.  Derivative Transactions

1. DBS Bank Ltd
2. Standard Chartered Bank (Singapore) Limited