Singapore International Arbitration Centre (SIAC) To Administer SGX-DT Arbitrations

Singapore Exchange Derivatives Trading Limited (SGX-DT) has appointed Singapore International Arbitration Centre (SIAC) to administer arbitrations among Members and market participants arising from transactions on SGX-DT with immediate effect.

Under this expedited arrangement, SIAC will:

1. appoint a sole arbitrator from the SIAC SGX-DT Arbitration Panel unless the parties agree to a bigger panel or the Chairman of SIAC is of the view that one is necessary;
2. manage all the financial aspects of the arbitration;
3. monitor and supervise the progress of the arbitration;
4. arrange for logistics, facilities and services for hearings; and
5. perform all other clerical and administrative services.

The benefits of the appointment are as follows:

1. Wealth of experience in administering arbitrations;
2. Certainty of Costs; and
3. Expedited arbitration procedure.

Certain provisions of the SGX-DT Rules have been amended to effect the appointment of SIAC.