Claims for Compensation. 7.1 As a Participant of ASX Group any claim for compensation can be lodged with the National Guarantee Fund which operates as a compensation arrangement for investors who may suffer loss due to default by State One in relation to equities, warrants and exchange trade options. As a Participant of Chi-X any claim can be lodged (by a retail client) with the Fidelity Fund operated by Chi-X. Losses covered by the fidelity fund may include money and property given to State One in connection with effecting a transaction or proposed transaction through the Chi-X market. As a Participant of APX, claims can be made against the APX Fidelity Fund. 7.2 If State One breaches a provision of this Agreement which falls within the circumstances specified in the compensation arrangements applicable to the Approved Market Operator or the Clearing Participant of ASX Clear under the Corporations Act and Corporations Regulations,, You may make a claim under the relevant compensation arrangements. 7.3 If State One breaches a provision of this Agreement and You make a claim for compensation pursuant to a breach, the ability of State One to satisfy that claim will depend on the financial circumstances of State One.
Appears in 4 contracts
Samples: Participant Sponsorship Agreement, Participant Sponsorship Agreement, Client Agreement
