Whole Section

  • 6A.4 Acceptable Collateral for Clearing Members In Respect of Margins from Customers for Marginable Futures Contract

    Amended on 21 January 201321 January 2013.

    • 6A.4.1

      Initial Margins and Customer Required Margins collected by the Clearing Member pursuant to Rule 6A.2.1 must be met in the form of collateral as prescribed by CDP from time to time. Such collateral must be in the form of cash, government securities, selected common stocks, bank certificates of deposit, gold bars, gold certificates or such other instruments as CDP permits. Valuation of such collateral must be in accordance with the hair-cut rates specified by CDP.

      Added on 23 January 200923 January 2009 and amended on 21 January 201321 January 2013.

    • 6A.4.2

      Currency and financial instruments denominated in currencies which are subject to exchange controls such that they are illegal tender outside the currency's home country, or are restricted by any form of capital controls are not acceptable forms of collateral for the purpose of meeting margin requirements of Marginable Futures Contracts.

      Added on 23 January 200923 January 2009.