Whole Section

  • 3.4 Clearing Member's Rights

    • 3.4.1 Clearing Right

      A Clearing Member shall have the right to clear and settle its own Exchange Trades transacted by it or its own customers or the Exchange Trades of 1 or more Trading Members qualified by it subject to the Clearing Rules and the Clearing Directives.

    • 3.4.2 No Distributive Right to Assets

      A Clearing Member shall have no right to participate in the assets or profits of CDP.

    • 3.4.3 No Voting Right

      A Clearing Member shall have no right to receive notice of any general meeting of CDP or to attend and vote thereat.

    • 3.4.4 Transferability

      A Clearing Member may not assign, transfer or otherwise dispose of any of its membership rights or other rights conferred under the Clearing Rules and the Clearing Directives.