2.4.2 Credit Rating Requirements for Bank Trading Members

Past version: Effective up to 25 Apr 2013

A Bank Trading Member is required to satisfy the Exchange that it, or its parent bank, has:

(a) a financial strength rating of at least C from Moody's Investors Service;
(b) a bank fundamental strength rating of at least C from Standard & Poor's Corporation;
(c) a bank individual rating of at least C from Fitch, Inc; or
(d) an equivalent rating from any other international rating agency deemed acceptable by the Exchange.

Added on 25 August 200925 August 2009.