Article 303
Treatment of clearing members' exposures to CCPs
An institution that acts as a clearing member, either for its own purposes or as a financial intermediary between a client and a CCP, shall calculate the own funds requirements for its exposures to a CCP as follows:
it shall apply the treatment set out in Article 306 to its trade exposures with the CCP;
it shall apply the treatment set out in Article 307 to its default fund contributions to the CCP.