Article 42 › 1

To limit its credit exposures to its clearing members further, a CCP shall maintain a pre-funded default fund to cover losses that exceed the losses to be covered by margin requirements laid down in Article 41, arising from the default, including the opening of an insolvency procedure, of one or more clearing members. The CCP shall establish a minimum amount below which the size of the default fund is not to fall under any circumstances.

← 42 · All articles · 2 →

Source: EUR-Lex CELLAR · retrieved 2026-09-04