赞助Membership is a full GSD membership type where FICC permits the establishment of a sponsored membership relationship between a Netting Member that is approved to be a 赞助 Member and one or more entities that are accepted by FICC as 赞助 Members of such 赞助 Member.
MEMBERSHIP ELIGIBILITY REQUIREMENTS
- Must be a Netting Member that is a Tier One Netting Member (with certain exceptions) to be a 赞助 Member.
- Financial Responsibility – Applicant must have sufficient financial ability to make anticipated required deposits to the 清算 Fund and Funds-Only 结算 Amounts.
- Operational Capability – Applicant must successfully complete network and connectivity testing at the current FICC standards.
资本要求
-
The Corporation may impose financial requirements on a Netting Member applying to become a 赞助 Member that are greater than the financial requirements applicable to it in its capacity as a Netting Member based upon the level of anticipated positions and obligations, the anticipated risk associated with the volume and types of transactions, and the overall financial condition of such applicant.
保证金要求
- Applicants must post an initial 清算 Fund deposit based on the anticipated volume of the 赞助 Member’s Omnibus Account activity, 上线之前. 发布上线, a 赞助 Member must meet a required 清算 Fund amount based on the 赞助 Member’s Omnibus Account’s unsettled positions and the market risk associated with those positions; this amount is calculated twice daily. Note: For purposes of satisfying the 赞助 Member’s 清算 Fund requirements, a 赞助 Member’s activity in its proprietary Netting Member account will be treated separately from the activity in its Omnibus Account.