Whole Section

  • 7.01 Clearing House

    • 7.01.1

      The Clearing House shall facilitate the prompt adjustment of contractual obligations arising out of:

      a. Contracts traded on the Exchange or a Relevant Market; and
      b. Non-Relevant Market Contracts
      c. [Deleted]

      insofar as the same are duly accepted by the Clearing House or with respect to which the Clearing House is otherwise obliged to accept and to protect the integrity of such Contracts in accordance with these Rules.

      Amended on 27 March 200627 March 2006, 3 November 20103 November 2010, 8 November 20128 November 2012, 17 July 2019 and 29 July 2022.

    • 7.01.1A

      Further to Rule 7.01.1, the Clearing House shall accept such Contracts traded on a Relevant Market other than the Exchange, as prescribed in Appendix 2.

      Refer to Appendix 2 — Contracts of Other Relevant Markets Accepted by the Clearing House.

      Added on 1 October 20091 October 2009.

    • 7.01.2

      Wherever these Rules and/or the Trading Rules create a right in favour of the Clearing House or impose a liability on the Clearing House, such right or liability shall prior to the Transfer Date be construed as the right or liability of the Exchange, and shall be enforced by or against the Exchange and on or after the Transfer Date, shall be construed as the right or liability of the Clearing House, and shall be enforced by or against the Clearing House.

    • 7.01.4

      The Clearing House shall from time to time prescribe in these Rules the rights and obligations of Clearing Members and all requisite matters in relation to the operation and management of the Clearing House (including but not limited to systems of clearing, deposits, margins, delivery, charges, settlement prices, payments and settlement).

      Amended on 27 March 200627 March 2006.