9.5.1
This Rule 9.5 applies only to trades that are cleared with CDP.
Added on 3 June 20193 June 2019.
9.5.2
A selling Trading Member must look only to its Clearing Member who qualifies it in relation to all obligations in connection with trades that the selling Trading Member executes, including payment of all sale proceeds.
Added on 3 June 20193 June 2019.
9.5.3
A buying Trading Member must look only to its Clearing Member who qualifies it in relation to all obligations in connection with trades that the buying Trading Member executes, including delivery of securities or in the case of a deliverable futures contract, the relevant underlying.
Added on 3 June 20193 June 2019.
9.5.4
If a selling Trading Member fails to make securities available on Intended Settlement Day and buying-in is conducted under the Clearing Rules in respect of those securities, the selling Trading Member shall be liable to the Clearing Member for any costs incurred by the Clearing Member in relation to the buying-in.
Added on 3 June 20193 June 2019.
9.5.5
A buying Trading Member must pay its Clearing Member for its trade as follows:
Added on 3 June 20193 June 2019.