Common use of Clearing House Protections Clause in Contracts

Clearing House Protections. On many exchanges, the performance of a transaction by your firm (or third party with whom he is dealing on your behalf) is guaranteed by the exchange or clearing house. However, this guarantee is unlikely in most circumstances to cover you, the customer, and may not protect you if your firm or another party defaults on its obligations to you. On request, your firm must explain any protection provided to you under the clearing guarantee applicable to any on-exchange derivative in which you are dealing. There is no clearing house for traditional options, nor normally for off-exchange instruments, which are not traded under the rules of a recognised or designated investment exchange.

Clearing House Protections. On many exchanges, the performance of a transaction by your firm broker (or the third party with whom he is dealing on your behalf) is guaranteed "guaranteed" by the exchange or its clearing house. However, this guarantee is unlikely in most circumstances to cover you, the customerclient, and may not protect you if your firm broker or another party defaults on its obligations to you. On request, your firm broker must explain any protection provided to you under the clearing guarantee applicable to any on-exchange derivative derivatives in which you are dealing. There is no clearing house for traditional options, nor normally for off-exchange instruments, instruments which are not traded under the rules of a recognised or designated recognized investment exchange.

Clearing House Protections. On many exchanges, the performance of a transaction by your firm (or third party with whom he is dealing on your behalf) is guaranteed by the exchange or clearing house. However, this guarantee is unlikely in most circumstances to cover you, the customer, and may not protect you if your firm or another party defaults on its obligations to you. On request, your firm must explain any protection provided to you under the clearing guarantee applicable to any on-exchange derivative in which you are dealing. There is no clearing house for traditional options, nor normally for off-exchange instruments, which are not traded under the rules of a recognised recognized or designated investment exchange.

Clearing House Protections. On many exchanges, the performance of a transaction by your firm us (or third party with whom he is dealing on your behalf) is guaranteed by the exchange or clearing house. However, this guarantee is unlikely in most circumstances to cover you, the customer, you and may not protect you if your firm or another party defaults on its obligations to you. On request, your firm we must explain any protection provided to you under the clearing guarantee applicable to any on-exchange derivative derivatives in which you are dealing. There is no clearing house for traditional options, nor normally for off-exchange instruments, instruments which are not traded under the rules of a recognised or designated investment exchange.