How can you trade USD-denominated Warrants?

SG has launched the US Stock Warrants with USD denomination, they are denominated, traded and settled in USD.

In order to trade and settle the Warrants, you must choose a broker who is able to offer services for dealing and clearing transactions in USD securities. Any CCASS Investor Participant who wishes to settle the payment in relation to its trades in the Warrants using its CCASS Investor Participant account should make sure that it has set up a USD designated bank account with CCASS.

If you intend to purchase the Warrants in the secondary market you should consult your broker as to the USD funding requirement and settlement method for such purchase, including whether you may need to open and maintain a USD account with the broker first before you commence any dealing in the Warrants. Investors without USD accounts may not be able to buy or sell the Warrants. You are recommended to check the readiness of your broker in respect of trading in USD securities and should fully understand the services which your broker is able to provide (as well as any associated fees).