Past version: Effective from 08 Nov 2012 to 30 Dec 2013
7.02A.2.1 Non-Relevant Market Transactions will be registered with the Clearing House for clearing through the Trade Registration System or other facility as prescribed by the Clearing House.
7.02A.2.2 An Eligible Non-Relevant Market Transaction may only be registered by any of the following parties:
a. an Inter Dealer Broker;
b. a Clearing Member acting for a Seller; or
c. such other party authorized by the Clearing Member acting for a Seller and approved by the Clearing House.
7.02A.2.3 Where registration of an Eligible Non-Relevant Market Transaction is submitted by a Clearing Member acting for a Seller or a party authorised by such Clearing Member and approved by the Clearing House, confirmation of the Eligible Non-Relevant Market Transaction may only be submitted by:
a. a Clearing Member acting for a Buyer; or
b. such other party authorized by the Clearing Member acting for a Buyer and approved by the Clearing House.
7.02A.2.4 Any of the parties submitting registration or confirmation of an Eligible Non-Relevant Market Transaction through the Trade Registration System, or other facility prescribed by the Clearing House, shall comply with the terms and conditions governing the access to and operation of that system, as varied, amended, or supplemented from time to time.
7.02A.2.5 A Clearing Member acting for a Seller or Buyer, as the case may be, must submit to the Clearing House the name of each Inter Dealer Broker or such other party referred to at Rule 7.02A.2.2 who is authorized to register Non-Relevant Market Transactions on the behalf of such Clearing Member.
7.02A.2.6 A Clearing Member acting for a Seller or Buyer, as the case may be, shall obtain the consent of such Seller or Buyer, before allowing an Inter Dealer Broker or such other party referred to at Rule 7.02A.2.2 to register Non-Relevant Market Transactions on the behalf of such Clearing Member.
7.02A.2.7 Each registration of an Eligible Non-Relevant Market Transaction must specify:
a. the type(s) of Eligible Non-Relevant Market Contract(s) which the Non-Relevant Market Transaction falls under;
b. the expiry month;
c. the quantity;
d. the price;
e. the name of the Clearing Member acting for the Buyer;
f. the Seller's account number; and
g. such other particulars as may be prescribed by the Clearing House from time to time.
7.02A.2.8 Each confirmation of an Eligible Non-Relevant Market Transaction shall include:—
a. the details of the trade set out in Rules 7.02A.2.7.a to 7.02A.2.7.e;
b. the Buyer's account number; and
c. such other particulars as may be prescribed by the Clearing House from time to time.
7.02A.2.9 Unless:
a. the registration of an Eligible Non-Relevant Market Transaction or the complete specification of trade details pursuant to Rule 7.02A.2.7; and
b. the confirmation of the details set out in Rule 7.02A.2.8; and
c. the signifying of agreement to the clearing of a trade, if the trade price does not fall within the prescribed price band as set out in Rule 7.02A.1.1.c.ii,
are submitted to the Clearing House on the same day, prior to the trade submission deadline(s) prescribed by the Clearing House, such Eligible Non-Relevant Market Transaction will not be registered.
7.02A.2.10 A Clearing Member acting for a Seller shall assume the duties and obligations of the Seller, as principal to the Clearing House, for an Eligible Non-Relevant Market Transaction that has been registered and confirmed by any of the parties in Rules 7.02A.2.2 and 7.02A.2.3 respectively.
7.02A.2.11 A Clearing Member acting for a Buyer shall assume the duties and obligations of the Buyer, as principal to the Clearing House, for an Eligible Non-Relevant Market Transaction that has been registered and confirmed by any of the parties in Rules 7.02A.2.2 and 7.02A.2.3 respectively.
7.02A.2.12 In allowing the submission of an Eligible Non-Relevant Market Transaction for registration through the Trade Registration System or other facility as prescribed by the Clearing House, the Seller and Buyer of such Eligible Non-Relevant Market Transaction shall be deemed to have mutually agreed (i) to substitute their contract for a contract based on the specifications referred to in Rule 7.02A.1.3, and (ii) for the Clearing House to become the central counterparty to the Clearing Members in whose names such Eligible Non-Relevant Market Transaction has been registered pursuant to Rule 7.04.
7.02A.2.13 Once an Eligible Non-Relevant Market Transaction has been submitted for registration, the terms of the Eligible Non-Relevant Market Transaction shall be final and a Clearing Member shall be bound by the terms of the Eligible Non-Relevant Market Transaction registered in its name.
The Clearing House shall not be responsible for confirming the terms of such Eligible Non-Relevant Market Transactions.
The Clearing House shall not be responsible for confirming the terms of such Eligible Non-Relevant Market Transactions.
Added on 27 March 200627 March 2006 and amended on 28 November 200828 November 2008, 3 November 20103 November 2010 and 8 November 20128 November 2012.