Whole Section

  • 6A.2 Clearing Member to Procure Customer Margins for Marginable Futures Contract

    Amended on 21 January 201321 January 2013.

    • 6A.2.1

      A Clearing Member must procure Initial Margins from its customers and must require that its customers meet the Customer Required Margins for the purpose of meeting margin requirements of Marginable Futures Contracts.

      Added on 23 January 200923 January 2009.

    • 6A.2.2

      A Clearing Member must comply with such requirements on the computation and monitoring of a customer's margins as CDP may prescribe.

      Added on 23 January 200923 January 2009.

    • 6A.2.3

      A Clearing Member may allow Excess Margins to be withdrawn provided such withdrawal will not cause the deposited collateral to be less than zero.

      Added on 23 January 200923 January 2009.

    • 6A.2.4

      Except in respect of Marginable Futures Contracts, nothing in this Clearing Rules shall be construed as requiring a Clearing Member to procure margins from its customers for any other Novated Contract.

      Added on 21 January 201321 January 2013.