CSD-B.2.19

Past version: Effective from 01 May 2009 to 31 Mar 2016
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"Market charge" means a security interest, whether fixed or floating, granted in favour of a licensed clearing house or central depository:

(a) Over property held by or deposited with the licensed clearing house or central depository; and
(b) To secure liabilities arising directly in connection with the licensed clearing house or central depository, ensuring the performance of a market contract.