2.11.5 Capital to Meet Loss Exposure

Past version: Effective from 08 Nov 2012 to 18 Sep 2016

2.11.5.1 Before a Clearing Member can clear an Eligible Non-Relevant Market Transaction which trade price falls outside the price band prescribed by the Clearing House (referred to at Rule 7.02A.1.1), it shall maintain at least the minimum capital required by the Clearing House, to meet the loss exposure in excess of the prescribed price band. The Clearing Member shall notify the Clearing House prior to the close of business of the next Business Day that it has fulfilled such capital requirements.

Added on 27 March 200627 March 2006 and amended on 3 November 20103 November 2010 and 8 November 20128 November 2012.