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2.4.2 Credit Rating Requirements for Bank Trading Members

A Bank Trading Member is required to satisfy the Exchange that it, or its parent bank, has obtained a credit rating that indicates, at least, adequate intrinsic safety and soundness, excluding external credit support, and a limited ability to withstand adverse business or economic conditions from any rating agency registered with an appropriate authority.

Added on 25 August 200925 August 2009 and amended on 26 April 201326 April 2013.