Derivatives Tools
Derivative Markets

The Singapore Exchange Derivatives Trading Division (SGX-DT) offers a range of international derivatives, including futures and options on debt instruments, stock indices, energy, and commodities. SGX Derivatives Clearing Division (SGX-DC) administers daily clearing and settlement, assistance and supervision, while the Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX) oversee and supervise both divisions. The futures industry in Singapore is regulated by the Securities and Futures Act.

Short Selling

There are no restrictions on the short selling of debt securities in Singapore. There are currently no by-laws under the Singapore Exchange (SGX) that forbid short selling. The Singapore Securities and Futures Act does not contain any rule regarding the short selling of debt securities.

Further developments on the regulation of bond short selling in Singapore will be posted on this page as soon as information becomes available.

Credit Default Swaps

MAS publishes conventions on credit default swaps. Details are provided at the link below.

Futures and Options Market

There are two main contracts quoted on SGX that are used to hedge holdings of Singapore Government Securities (SGS). They are the 3-month interest rate and the 5-year government bond contract.

Cross Currency Swaps Market

Singapore has an active cross currency swap market, which is detailed at the websites linked below.