Article 307
Own funds requirements for pre-funded contributions to the default fund of a CCP
An institution acting as a clearing member shall apply the following treatment to its exposures arising from its contributions to the default fund of a CCP:
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(a) |
it shall calculate the own funds requirement for its pre-funded contributions to the default fund of a QCCP in accordance with the approach set out in Article 308; |
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(b) |
it shall calculate the own funds requirement for its pre-funded contributions to the default fund of a non-qualifying CCP in accordance with the approach set out in Article 309. |