Priority of recovery by recognised clearing corporations over clearing members' collaterals and assets secures settlement obligations. The recognised clearing corporation has a right to recover dues arising from clearing and settlement functions from collaterals, deposits and assets of ... Summary
Priority of recovery by recognised clearing corporations over clearing members' collaterals and assets secures settlement obligations.
The recognised clearing corporation has a right to recover dues arising from clearing and settlement functions from collaterals, deposits and assets of clearing members, and that recovery has priority over any other liability or claim against those clearing members.
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