Subject to all rights and remedies of CDP against or in respect of Collateral under these Clearing Rules, the Security Deed and the SFA, Collateral held by or otherwise provided to CDP shall be held on trust by CDP for the benefit of:
(1) Clearing Members, except where such Collateral is held by or otherwise provided to CDP solely in respect of Customer Accounts; and
(2) the relevant customers of the Clearing Member pursuant to the SFA where such Collateral is held by or otherwise provided to CDP solely in respect of Customer Accounts.
Added on 21 January 201321 January 2013.