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1. Parties: Identification of the clearing member and the client
2. Background: Context of the agreement and the parties' intentions
3. Definitions and Interpretation: Comprehensive definitions of terms used throughout the agreement and rules of interpretation
4. Scope of Services: Description of clearing services provided and products covered
5. Membership Requirements: Requirements for maintaining clearing membership and client status
6. Client Obligations: Core obligations of the client including margin requirements and payment obligations
7. Clearing Member Obligations: Core obligations of the clearing member including execution of trades and maintenance of accounts
8. Margin Requirements: Detailed provisions regarding initial and variation margin requirements
9. Default Procedures: Events of default and consequences, including close-out procedures
10. Risk Management: Risk management procedures and requirements for both parties
11. Fees and Payments: Fee structure, payment terms, and related obligations
12. Representations and Warranties: Standard and specific representations and warranties from both parties
13. Confidentiality: Obligations regarding confidential information and data protection
14. Term and Termination: Duration of agreement and termination provisions
15. Governing Law and Jurisdiction: Choice of law and jurisdiction for dispute resolution
1. Give-Up Arrangements: Provisions for give-up trades, used when the client wishes to use executing brokers
2. Cross-Border Services: Additional provisions for clearing services in multiple jurisdictions
3. Indirect Clearing: Provisions for when the client provides clearing services to its own clients
4. Securities Lending: Terms for securities lending services if offered
5. Electronic Trading Services: Provisions regarding electronic trading platforms and systems
6. Insurance Requirements: Specific insurance requirements beyond standard coverage
7. Tax Matters: Specific tax-related provisions for complex clearing arrangements
1. Schedule A - Eligible Products: List of products and asset classes covered by the clearing services
2. Schedule B - Fee Schedule: Detailed breakdown of all fees, charges, and commission rates
3. Schedule C - Operational Procedures: Detailed operational procedures and requirements
4. Schedule D - Risk Management Procedures: Specific risk management procedures and requirements
5. Schedule E - Contact Details: List of key contacts and authorized persons
6. Schedule F - Account Structure: Details of account structure and segregation arrangements
7. Appendix 1 - Required Documentation: List of required documentation and forms
8. Appendix 2 - Service Level Agreement: Detailed service levels and performance metrics
9. Appendix 3 - Technical Requirements: Technical specifications and system requirements
Services
Membership Requirements
Client Obligations
Clearing Member Obligations
Margin Requirements
Default
Close-out
Risk Management
Payment
Fees
Set-off
Security Interest
Representations and Warranties
Covenants
Indemnification
Limitation of Liability
Force Majeure
Confidentiality
Data Protection
Record Keeping
Regulatory Compliance
Anti-Money Laundering
Assignment
Amendment
Termination
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Third Party Rights
Electronic Trading
Systems Access
Business Continuity
Reporting Requirements
Financial Services
Banking
Securities Trading
Investment Management
Brokerage Services
Asset Management
Hedge Funds
Insurance
Pension Funds
Commodities Trading
Legal
Compliance
Risk Management
Operations
Client Services
Trading
Settlement
Documentation
Treasury
Product Control
Regulatory Reporting
Client Onboarding
Chief Operating Officer
Head of Clearing
Compliance Officer
Risk Manager
Legal Counsel
Operations Director
Client Service Manager
Account Manager
Settlement Officer
Clearing Operations Manager
Chief Risk Officer
Head of Trading
Regulatory Reporting Officer
Treasury Manager
Product Controller
Documentation Specialist
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