(15)

arrangements and measures: to reduce risk; to restructure contracts, rights, assets and liabilities; to restructure business lines; necessary to maintain continuous access to FMIs and trading venues; necessary to maintain the continuous functioning of the CCP’s operational processes, including infrastructure and IT services; to partially or fully terminate contracts; to reduce the value of any gains payable by the CCP to non-defaulting clearing members, if applicable, depending on the type of instruments that the CCP clears; and to oblige non-defaulting clearing members to make a contribution in cash to the CCP up to at least each clearing member’s contribution to the default fund. This recovery cash call obligation shall also be included and referred to in the CCP’s rules and other contractual arrangements;

← anx_ANNEX__cpt_1__point_14__text_1 · All articles · anx_ANNEX__cpt_1__point_15__text_1 →

Source: EUR-Lex (Cellar) · retrieved 2026-10-12 · Text as adopted (Official Journal); later amendments are not incorporated in this text.