+Article 39 9.

Article 39 9.

The requirement to distinguish assets and positions with the CCP in accounts is satisfied where:

(a) 

the assets and positions are recorded in separate accounts;

(b) 

the netting of positions recorded on different accounts is prevented;

(c) 

the assets covering the positions recorded in an account are not exposed to losses connected to positions recorded in another account.

1. Overview

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1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards