As an Approved Clearinghouse by the Monetary Authority of Singapore, Abaxx Clearing is the designated clearinghouse for Abaxx Exchange. As the central counterparty of all executed trades, Abaxx Clearing mitigates potential counterparty credit risk for Clearing Members and guarantees settlement.

Abaxx Clearing provides the following clearing services such as trade management, position management, risk management and collateral management such as:

• Facilitating requests for collateral deposit, withdrawal and substitution.
• Conduct clearing cycles throughout the trading day to calculate margin requirements (e.g., variation margin, initial margin, and additional margin) and value collateral.
• Monitor and manage the settlement of Clearing Member financial obligations (e.g., margin, guaranty fund, physical delivery)
• Provide daily trade, position, collateral, pricing and risk management reports for post-trade activity.
• Oversee the delivery process of physically settled futures contracts by ensuring the transfer of the physical commodity from the seller to the buyer upon contract expiration, in accordance with the contract specifications and delivery timelines.
• Facilitate post-trade clearing requests including, but not limited to, Give-up, Take-up, Trade Allocation, Position Transfers and Gross Position Adjustments.

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 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