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  • Clearing Houses to Have Designated Accounts with Settlement Bank(s)

    • CSD-2.1.4

      Every clearing member of the licensed clearing house shall maintain a designated bank account with a settlement bank.

      Amended: April 2016

    • CSD-2.1.5

      The clearing members shall operate the designated bank accounts only for the purpose of payment of their monetary obligations to the licensed clearing house and/or the licensed exchange and receipt of monetary entitlements from the licensed clearing house or licensed exchange.

      Amended: April 2016