Whole Section

  • 7.5 Insurance Policy

    • 7.5.1

      CDP may take out a policy of insurance in respect of the Clearing Fund for such amount and with such insurer as it may, at its absolute discretion, determine and on such terms and conditions as it shall, at its absolute discretion, deem fit.

      Amended on 3 May 20113 May 2011

    • 7.5.2

      The premium payable on such insurance policy and any other related costs and expenses shall be payable by CDP, provided always that CDP may, at its absolute discretion, require Clearing Members to reimburse it in respect of such moneys paid, in the Proportion, or in such other manner as CDP may, at its absolute discretion, consider fair and appropriate.