CDSClear Rulebook

The purpose of the Rules and Regulation Department is to formalise the relationship between LCH.Clearnet SA and its Clearing Members by describing each other's rights and obligations.

CDSClear Rulebook

These rules that are governed by French law consist in:

• The Rule Book 

  • Title I: General Provisions and Legal framework

  • Title II: Membership

  • Title III: Clearing Operations

  • Title IV: Risk Management

  • Appendix 1: CDS Default Management Process

  • Annex: Confidentiality, non-disclosure and participation in the CDS Default Management Group

CDSClear Supplement

These rules that are governed by British law consist in:

• The CDS Clearing Supplement

CDSClear Procedures 

• Section 1: Membership

• Section 2: Margin and Price Alignment Interest

• Section 3: Collateral and Cash Payment

• Section 4: Eligibility Requirements

• Section 5: CDS Clearing Operations

• Section 6: Default Fund

• Section 7: Business Continuity

• Section 8: Disciplinary Proceedings

• Section 9: Complaint Resolution

• Section 10: CDS Procedures

CDSClear Notices

• The notices stating operational details and other information such as timeframes, prices.... 
  

All these rules are updated on a regular basis in order to stick with the evolution of our activity.