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<h1>Clearing Corporations Must Maintain Funds for Settlement Failures; Periodic Stress Tests Required Under Board Norms</h1> Every recognized clearing corporation must establish and maintain a fund for each segment to guarantee the settlement of trades executed in that segment of a recognized stock exchange. If a clearing member or participant fails to meet their settlement obligations, the fund will be used to complete the settlement. The fund's corpus must be sufficient to cover obligations from such failures and will be tested periodically through stress tests as specified by the Board. The utilization of the fund must adhere to the norms set by the Board.