Past version: Effective up to 25 Apr 2013
A Clearing Member in whose name an Eligible OTCF Transaction is to be registered:
a. shall not be subject to Rule 7.04.5C; and
b. shall be required to provide the Clearing House with sufficient collateral to meet margin requirements and any Settlement Variation, and to fulfil such other requirements prescribed by the Clearing House from time to time immediately upon becoming a counterparty to the Clearing House or within such time prescribed by the Clearing House,
if such Eligible OTCF Transaction is entered into or transferred to such Clearing Member for the purpose of executing the default proceedings pursuant to Rule 7A.02.1.
Added on 7 August 20127 August 2012.