7A.06.3 Further Assessment Amount

Past version: Effective from 12 Nov 2018 to 16 Jul 2019

7A.06.3.1 The Further Assessment Amount shall be an amount up to one (1) time of a Clearing Member's Clearing Fund Deposit requirement, as prescribed by the Clearing House from time to time in its discretion.
7A.06.3.2 [Deleted]
7A.06.3.3 In the use and application of the Further Assessment Amounts pursuant to Rule 7A.01A.2 in an event of default, the Clearing House shall be entitled to call for payment of the Further Assessment Amount at such time as it deems appropriate. A Clearing Member shall immediately furnish such amount to the Clearing House, prior to the close of business on the Business Day immediately following such call.

Added on 7 August 20127 August 2012 and amended on 8 November 20128 November 2012, 26 April 201326 April 2013, 29 July 201329 July 2013 and 12 November 201812 November 2018.