Common use of Collateral Valuation Clause in Contracts

Collateral Valuation. (a) The Clearing House will at its sole discretion determine the value to be attributed to the Collateral provided to the Clearing House. (b) Without limiting the generality of Rule 5.13(a), the Clearing House may give zero value to any Collateral provided by a Trading Clearing Participant for the purposes of satisfying its obligations under these Rules if such Collateral is found in any way to be unacceptable by the Clearing House.

Appears in 3 contracts

Sources: Rules and Regulations, Rules and Regulations, Rules and Regulations