RIGHTS AND OBLIGATIONS OF BULLION DEPOSITORIES, PARTICIPANTS AND BENEFICIAL OWNERSInternational Financial Services Centres Authority (Bullion Market) Regulations, 2025
RIGHTS AND OBLIGATIONS OF BULLION DEPOSITORIES, PARTICIPANTS AND BENEFICIAL OWNERSInternational Financial Services Centres Authority (Bullion Market) Regulations, 2025
Priority recovery rights enable bullion clearing corporations to recover clearing and settlement dues ahead of competing member claims. Priority recovery rights of bullion clearing corporations apply to dues owed by bullion clearing members for clearing and settlement functions. Such dues ... Summary
Priority recovery rights enable bullion clearing corporations to recover clearing and settlement dues ahead of competing member claims.
Priority recovery rights of bullion clearing corporations apply to dues owed by bullion clearing members for clearing and settlement functions. Such dues may be recovered from members' collaterals, deposits and assets, and the recovery right takes priority over every other liability of, or claim against, the relevant bullion clearing member.
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