Whole Section

  • 6B.6 Valuation of Collateral

    • 6B.6.1

      CDP shall value Collateral deposited with or provided to CDP as it deems appropriate. CDP shall, at its sole discretion, determine

      (1) what monies and assets are acceptable as Collateral;
      (2) when any monies and/or assets cease to be acceptable as Collateral; and
      (3) the valuation to be attributed thereto.

      Added on 21 January 201321 January 2013.

    • 6B.6.2

      If any Collateral deposited or provided by any Clearing Member is found in any way to be unacceptable by CDP, CDP shall have the right to immediately give a zero value to such Collateral for the purposes of satisfying such Clearing Member's obligations under these Clearing Rules or as may otherwise be owing to CDP, pursuant to which such Collateral was deposited or provided.

      Added on 21 January 201321 January 2013.

    • 6B.6.3

      Following revaluation of any Collateral deposited with or provided to CDP, where such Collateral is found to be insufficient to meet any obligation of the Clearing Member under these Clearing Rules or as may otherwise be owing to CDP, pursuant to which such Collateral was deposited or provided, the Clearing Member shall deposit with or provide to CDP such additional Collateral as may be required to meet such obligation, within such time as CDP may require.

      Added on 21 January 201321 January 2013.

    • 6B.6.4

      In the event of any dispute as to any matters covered under this Rule, CDP's decision shall be final and binding.

      Added on 21 January 201321 January 2013.