Clearance of securities, options, and futures.

CFR · 2024-01-01 · US · Title 12

(a) (b) (1) The clearing agency: (i) Issues, guarantees performance on, or clears transactions in, any security (including options on any security, certificate of deposit, securities index or foreign currency); or (ii) Guarantees performance of contracts for the purchase or sale of a commodity for future delivery or options on such contracts; (2) The clearing agency is registered with the Securities and Exchange Commission or is the clearing agency for a contract market regulated by the Commodity Futures Trading Commission; and (3) The deposit consists of any margin security and complies with the rules of the clearing agency that have been approved by the Securities and Exchange Commission or the Commodity Futures Trading Commission.

official document · source cfr-2024 · id 12:§ 220.9