Abstract
To preserve the link between market membership and ICCH membership it is necessary to be a Member of LIFFE to be eligible to clear liffe trades. As Clearing Members will be aware, the net worth requirement for ICCH Clearing Membership on liffe is £500,000 and if a Clearing Member intends to act as a General Clearing Member the net worth requirement is £1,000,000 for the reasons set out in paragraph 1.2 below.
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© 1988 Macmillan Publishers Limited
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Miller, R. (1988). Icch: Summary of Clearing and Delivery Procedures. In: Miller, R. (eds) London International Financial Futures Exchange Yearbook. Palgrave, London. https://doi.org/10.1007/978-1-349-10000-2_17
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DOI: https://doi.org/10.1007/978-1-349-10000-2_17
Publisher Name: Palgrave, London
Print ISBN: 978-1-349-10002-6
Online ISBN: 978-1-349-10000-2
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