A Clearing Member is required to make the following contributions to the Clearing Fund:
(1) [Rule has been deleted.]
(2) a collateralised contribution (“Collateralised Contribution”) which shall be in an amount determined by CDP from time to time based on the exposure that the Clearing Member’s trades bring to CDP and subject to a minimum of $500,000 or such other amount as CDP may specify; and
(3) a contingent contribution (“Contingent Contribution”) which shall be in an amount determined by CDP from time to time and shall not exceed an amount equal to the Clearing Member’s Collateralised Contribution. CDP may at any time call for the deposit of a Clearing Member’s Contingent Contribution (or any part thereof).
Added on 3 May 20113 May 2011 and amended on 26 May 2023.