Please see below guidance on Lending Arrangements conducted on Exchange.
There are a number of authorised standard forms of agreement that member firms may use when undertaking on Exchange lending arrangements. These agreements contain provisions to cover the event of a counterparty default, which will normally require the calculation of a net sum due as between the lender and borrower. Under the Exchange’s default rules, these net sums are included within the Exchange’s Net Amount Certificate for the member firm.
Member firms should consider whether the default provisions in their agreement sufficiently cater for the event of a counterparty default within the lending arrangement.
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