Past version: Effective up to 25 Apr 2013

Unless otherwise prescribed by the Clearing House, to be eligible for Clearing Membership as a Direct Clearing Member, an applicant must satisfy the Clearing House that:—

2.02A.1.1 it fulfills the criteria and requirements set out in Rule 2.02 (except for Rules and; and
2.02A.1.2 it or its holding company has an issuer rating of at least Aa from Moody's Investors Service or an equivalent rating from any other international rating agency deemed acceptable by the Clearing House.

Added on 27 March 200627 March 2006 and amended on 10 August 200710 August 2007.