Past version: Effective up to 02 Aug 2020
In the event that the aggregate maintenance margins required to be deposited by a Collective Customer and/or the Collective House Accounts with a Clearing Member exceeds such relevant amount(s) (whether the amount(s) are stated as a sum or sums of money and/or calculated in accordance with a formula or formulae) as may be prescribed by the Clearing House from time to time, the Clearing Member shall, unless the Clearing House otherwise decides, forthwith procure:—
2.20.4.1 from the chief executive officer of the Clearing Member, a letter of awareness;
2.20.4.2 from such related corporation of the Clearing Member as the Clearing House may require a letter of awareness; or
2.20.4.3 from such related corporation of the Clearing Member as the Clearing House may require a letter of guarantee;
and in addition, where relevant, to forthwith procure
2.20.4.4 from such related corporation of the Collective Customer as the Clearing House may require a letter of awareness;
as may be required by the Clearing House, in each case, in such form and content as may be prescribed or otherwise acceptable to the Clearing House.
Amended on 10 August 200710 August 2007.