Bullion collateral limits updated: exchanges may accept increased commodities collateral with non-bullion sub-limits and liquidation safeguards. Regulation permits a higher share of a clearing member's liquid assets to be accepted as commodities collateral while maintaining a distinct cap on non-bullion collateral; exchanges must ensure timely liquidation mechanisms, may set concentration limits based on risk perception and liquidation capability, and must notify members and publish the change.
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Provisions expressly mentioned in the judgment/order text.
Bullion collateral limits updated: exchanges may accept increased commodities collateral with non-bullion sub-limits and liquidation safeguards.
Regulation permits a higher share of a clearing member's liquid assets to be accepted as commodities collateral while maintaining a distinct cap on non-bullion collateral; exchanges must ensure timely liquidation mechanisms, may set concentration limits based on risk perception and liquidation capability, and must notify members and publish the change.
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