QUALIFICATION FOR MEMBERSHIP OF THE BULLION EXCHANGE OR BULLION CLEARING CORPORATIONInternational Financial Services Centres Authority (Bullion Market) Regulations, 2025
QUALIFICATION FOR MEMBERSHIP OF THE BULLION EXCHANGE OR BULLION CLEARING CORPORATIONInternational Financial Services Centres Authority (Bullion Market) Regulations, 2025
Priority recovery rights for bullion clearing corporations place clearing and settlement dues ahead of members' competing liabilities and claims. A bullion clearing corporation has priority to recover dues arising from the clearing and settlement functions of its bullion clearing members. Such ... Summary
Priority recovery rights for bullion clearing corporations place clearing and settlement dues ahead of members' competing liabilities and claims.
A bullion clearing corporation has priority to recover dues arising from the clearing and settlement functions of its bullion clearing members. Such recovery may be made from the members' collaterals, deposits and assets, with the corporation's claim prevailing over any other liability of or claim against the members.
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