SG MMF collateral ops
A money-market fund position is bought, confirmed in custody, pledged as collateral, monitored for margin, and closed on records the lender can trust.
Overview
A money-market fund position is bought, confirmed in custody, pledged as collateral, monitored for margin, and closed on trusted records.
Use when a tokenized money-market fund position needs to move from institutional trade intent into collateral control, margin response, and servicing close without splitting the route across disconnected execution, custody, and credit desks.
Route coverage
- One Singapore trade-to-collateral route from perimeter through close
- Execution, finality, collateral, and margin controls stay explicit
- Pledge eligibility and headroom are resolved before credit-state changes
- Servicing references and close publication complete the route
Infrastructure
- Instrument and participant gate
- Execution blotter, settlement finality, and custody affirmation
- Collateral eligibility, haircut, concentration, and pledge controls
- Margin response, release conditions, and close publication
Lifecycle stages
| Stage | Flow steps | Notes |
|---|---|---|
| Instrument Participant Gate | Bind the instrument perimeter, participant controls, and settlement-asset basis before execution opens; Keep eligibility, custody posture, and execution permissions visible on one gate | |
| Venue Execution Blotter | Capture the order, bind fill state, and lock the matched trade before settlement finality begins; Keep execution state and settlement handoff visible on one blotter | |
| Settlement Position Finality | Wait for settlement finality, custody affirmation, and position readiness before any pledge can be created; Keep settlement status and position state visible on one finality monitor | |
| Collateral Eligibility Pledge Control | Run eligibility, haircut, concentration, and pledge controls before the position can support credit; Keep headroom and exception posture visible on one collateral board | Eligibility and pledge state are the business unlock, so they stay separate from execution and margin response. |
| Credit Line Margin Control | Bind facility headroom, margin thresholds, and repair actions while keeping bank credit approval as a separate decision; Keep drawdown posture, margin state, and release conditions visible on one control board | Credit-state changes remain controlled and stay separate from bank credit approval. |
| Servicing Close Pack | Publish the close record only after trade, finality, pledge, and margin records agree; Keep servicing references, release state, and exports visible as the final route outcome |