6A.5 Clearing Member to Deposit Margins with CDP
Clearing Member Required Margins may be determined by CDP from time to time. A Clearing Member shall deposit such margins with CDP by such time as CDP prescribes.
If CDP is of the opinion that it is unable to inform Clearing Members, at the prescribed time, of the margins that they are required to deposit with CDP, CDP shall inform Clearing Members accordingly. CDP shall provide adequate time for Clearing Members to deposit such margins.
The amount of Clearing Member Required Margins which must be deposited by any Clearing Member with CDP shall be calculated and determined in accordance with procedures prescribed by CDP.
All margins deposited with or provided to CDP by a Clearing Member shall be retained by CDP in whole or in part, as CDP may deem necessary but, subject to these Clearing Rules and in particular Rule 6A.8, Rule 6B.3, and Rule 8.6B and the Security Deed, may be returned to the Clearing Member when the obligations in respect of the Novated Contracts for which such margins have been deposited or provided have been met.
A Clearing Member shall not deposit with or provide to CDP, monies and assets of its customer for the purpose of meeting Clearing Member Required Margins for Novated Contracts other than Marginable Futures Contracts. For the purpose of this Rule 6A.5.4, "customer" means a Customer, except where such Customer is:(1) a director, officer, employee or representative of the Clearing Member; and(2) a related corporation of the Clearing Member with respect to accepted instructions to deal for an account belonging to, and maintained wholly for the benefit of the related corporation.