Whole Section

  • 6B.5 Collateral Withdrawal

    • 6B.5.1

      Where any obligation under these Clearing Rules, the Security Deed, or as may otherwise be owing to CDP remains outstanding on the part of a Clearing Member, such Clearing Member shall have no right to withdraw any Collateral or request for the repayment of any credit balance held with or subject to the control of CDP without CDP's prior consent.

      Added on 21 January 201321 January 2013.

    • 6B.5.2

      Any withdrawal of Collateral consented to by CDP under these Clearing Rules shall not be deemed to be a release of the existing or future Security Interest over any remaining Collateral held with or subject to the control of CDP, other than the withdrawn Collateral.

      Added on 21 January 201321 January 2013.

    • 6B.5.3

      A request for withdrawal of Collateral may only be made by a Clearing Member subject to Rule 6B.5.1. A Third Party may not withdraw or request for the withdrawal of any Collateral held with or subject to the control of the CDP, other than through the Third Party's Clearing Member. All Collateral permitted by the CDP to be withdrawn shall be returned only to the Clearing Member.

      Added on 21 January 201321 January 2013.