Clearing Rules
BSP Rules Clearing Rules v1.8
BSP Rules Clearing Rules v1.8
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CLEARING RULES<br />
v1.7<br />
3.2.2 Deposit Account<br />
(1) Payments on the basis of Financial Guarantees paid in cash shall be kept in the Deposit<br />
Account at the Settlement Bank.<br />
(2) For each <strong>Clearing</strong> Member, that submits cash deposit, BSP shall manage these funds<br />
separately.<br />
(3) On a basis of <strong>Clearing</strong> Members authorisation, funds in a form of a cash deposit may be<br />
disposed of only by BSP.<br />
(4) <strong>Clearing</strong> Member has to inform BSP in writing for any Transactions from/to Deposit<br />
Subaccount that effect on the value of Trade Limit.<br />
(5) The management of Deposit Account its Subaccounts and applied Interest on an individual<br />
Market shall be set forth in Market Definition.<br />
3.3 Physical Settlement Domain Account<br />
(1) Within every Physical Settlement Domain, Settlement Account in the name of BSP and for<br />
the account of all Exchange Participants is opened, in the form as provided by and in<br />
accordance with the respective Physical Settlement Domain <strong>Rules</strong>.<br />
(2) The only purposes of an individual Physical Settlement Domain Account are enabling<br />
nominations arising from calculation of each <strong>Clearing</strong> Member’s positions and ensuring<br />
anonymity of the actual Exchange Participants, parties to an individual Transaction.<br />
BSP Energy Exchange LL C Copyright 2016 All rights reserved<br />
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