Tuesday October 7 2014
News Source: Global Exchanges
Focus: Other
Type: General
Country: Australia
Link: http://www.asx.com.au/regulation/public-consultations.htm
ASX have published a consultation paper on uncovered loss allocation and replenishment tools for clearing participant default.
Through the consultation paper, ASX is seeking feedback on proposals to introduce new powers under the operating rules of ASX Clear and ASX Clear (Futures) to address fully any credit losses or liquidity shortfalls they may face as a result of clearing participant default, and to replenish their default funds following such events.
Click here for consultation paper.
Click link above for further details.