Contribution by eligible Issuers of debt securities to the Settlement Guarantee Fund of the Limited Purpose Clearing Corporation for repo transactions in debt securities
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Settlement guarantee fund contributions by issuers secure LPCC repo clearing through upfront escrow collection and transfer. Eligible issuers must contribute upfront to the Settlement Guarantee Fund of the Limited Purpose Clearing Corporation for repo transactions; Stock Exchanges will collect the contribution on an Actual/Actual basis at allotment, hold it in escrow, disclose collection details, and transfer funds to the LPCC's bank account within one working day, with the LPCC providing illustrative calculations and notifying eligible issuers under its risk management policy.
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.
Settlement guarantee fund contributions by issuers secure LPCC repo clearing through upfront escrow collection and transfer.
Eligible issuers must contribute upfront to the Settlement Guarantee Fund of the Limited Purpose Clearing Corporation for repo transactions; Stock Exchanges will collect the contribution on an Actual/Actual basis at allotment, hold it in escrow, disclose collection details, and transfer funds to the LPCC's bank account within one working day, with the LPCC providing illustrative calculations and notifying eligible issuers under its risk management policy.
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