Clearing corporation guarantee requirement secures settlement of commodity derivatives trades including delivery conformity and transfer of title. Recognized clearing corporations providing clearing and settlement services for commodity derivatives must ensure a guarantee for settlement of trades including good delivery, with good delivery meaning delivery in proper form to transfer title and matching the quality and quantity specified in the exchange contract.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Clearing corporation guarantee requirement secures settlement of commodity derivatives trades including delivery conformity and transfer of title.
Recognized clearing corporations providing clearing and settlement services for commodity derivatives must ensure a guarantee for settlement of trades including good delivery, with good delivery meaning delivery in proper form to transfer title and matching the quality and quantity specified in the exchange contract.
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