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3.3.16 Transfer of Unsuccessful Give-Up Trades to House Account

Past version: Effective up to 01 May 2016

A Member may enter into a give-up arrangement with a Customer and an accepting Clearing Member, provided that such arrangement is supported by a duly executed give-up agreement. If an executed trade is not successfully given up to and accepted by the accepting Clearing Member by the end of the Trading Day following the trade date (T+1), the Member shall transfer the give-up trade to a designated account meant for unsuccessful give-up trades. This designated account shall be a House Account. The Member shall conduct regular reviews and take action to clear the designated account.

Refer to Regulatory Notice 3.3.16.