Collateral

To secure the performance of clearing members' obligations under contracts to which CC "SPB Clearing" (JSC) is a party, the risk management system establishes the requirement that clearing members deposit Collateral.

The following types of Collateral can be deposited:

• Cash in US Dollars;
• [11.12.2023 08:30] Cash in currency on the List of currencies accepted as Collateral; 

To record property as Collateral, funds must be transferred to the clearing bank accounts of CC "SPB Clearing" (JSC) with the Settlement Organizations or securities must be transferred to the clearing member's securities sub-account under the clearing securities account of CC "SPB Clearing" (JSC) with the Settlement Depository, per the following particulars:

• Particulars for the transfer of collateral;
• CC "SPB Clearing" (JSC) monitors the sufficiency of a clearing member's Collateral securing performance of the obligations under contracts, based on the amount of the Collateral determined in the Available Funds Currency.