Document ID: chunk:federal_register_of_legislation:F2024C01108:front:0:p49
Version: federal_register_of_legislation:F2024C01108
Segment Type: other
Provision Reference: 
Character Range: 130442–133331

not satisfy, either through payment or the provision of security, a request by the Market Participant to meet a call in relation to the close out, settlement or daily settlement of Open Contracts within 48 hours following the call for payment, the Market Participant must pay into the clients' segregated account the lesser of:
 1.         the amount of the request; or
 2.        the amount which the Market Participant would be obliged under the operating rules of the relevant Market to request from the Client on the following day.
(2) Where the request by a Market Participant for payment or the provision of security relates to derivatives traded on a market operated by a person other than the operator of the relevant Market, the Market Participant must by the time required under the rules of that market, pay into the clients' segregated account the lesser of:
 1.         the amount of the request; or
(b)       the amount which the Market Participant would be obliged under the operating rules of the other market to request from the Client on the following day.

3.5.8 Reconciliation of clients' segregated accounts
(1) A Market Participant must perform an accurate reconciliation, by 7.00 pm on the Trading Day after the Trading Day to which the reconciliation relates, of the aggregate balance held by it at the close of business on each Business Day in clients' segregated accounts maintained pursuant to Rule 3.5.2 and the corresponding balance as recorded in the Market Participant's accounting records.
(2) The reconciliation referred to in subrule (1) must set out:
 1.         the date to which the reconciliation relates;
(b)       the dollar amounts of:
 1.          Total Futures Client Monies;
(ii)       Associated/Related Company Monies;
(iii)     Director/Employee Monies;
(iv)      Total Third Party Client Monies,
for both the day of the reconciliation and the prior day;
(c)        the dollar amounts of:
 1.          Clients' Segregated Account at Bank;
(ii)       Deposits with ASX Clear Client Account;
(iii)     Deposits with ASX Clear (Futures) Client Account;
(iv)      Deposits with ASX Clear Futures Clearing Participant;
(v)       Deposits with ASX Clear (Futures) Participant;
(vi)      Deposits with an ASX Market Participant;
(vii)    Deposits with an ASX 24 Market Participant;
(viii)  Deposits with an Overseas Broker;
(ix)      funds invested in accordance with paragraph 981C(a) of the Corporations Act;
(x)       Total Deposits,
for both the day of the reconciliation and the prior day;
(d)       the dollar amount of the Variation for both the day of the reconciliation and the prior day;
(e)        an explanation of the reason for a Variation, if the dollar amount of the Variation is more than, or less than, zero;
(f)        where the movement in Total Futures Client Monies is greater than 20% from the prior day, an explanation of the