Whole Section

  • 2.20 Limits of Positions

    • 2.20.1

      The Clearing House may from time to time establish limits on the positions owned or controlled by any person or persons acting in concert with respect to any Contracts including the Designated Futures Contracts and the Connect Contracts.

      Amended on 29 July 2022.

    • 2.20.2

      Any person may request for an increase in initial position limit or previously approved position limit by making an application to the Clearing House on forms provided by Clearing House through its Clearing Member carrying the relevant positions for its account on the books of the Clearing Member.

    • 2.20.3

      In conjunction with the foregoing, a Clearing Member shall ensure at all times that:—

      2.20.3.1 each of its Customers and their respective related corporations for whom such Clearing Member also maintains accounts as Customers of the Clearing Member (each such Customer and its related corporations to be hereafter referred to as the "Collective Customer"); and
      2.20.3.2 each House Account carried on its books (collectively the "Collective House Accounts"),

      shall comply with the respective position limits as may be applicable to them individually or collectively as may be prescribed by the Clearing House from time to time.