Clearing Organization Rules : 16647

Organization: CBT

Description: New Rule 818 provides for close-out netting of obligations in the event of clearing house insolvency. This rule was implemented for the purpose, inter alia, of reducing certain capital charge relief for bank clearing members for proprietary positions

Official Receipt Date: 2008-11-14 00:00:00

Status: Certified

Date: 2008-11-24 00:00:00

Remarks: