Document ID: chunk:federal_register_of_legislation:F2024C01109:front:0:p25
Version: federal_register_of_legislation:F2024C01109
Segment Type: other
Provision Reference: 
Character Range: 65005–68167

contracts.
Deposits with FEX Clearer Client Account means the total amount of third-party client funds, including margin amounts, lodged for transactions in futures contracts effected through the FEX Market with the clearing and settlement facility with which the FEX Market operator has clearing and settlement arrangements.

Director/Employee Monies means, in respect of transactions in futures contracts dealt on any exchange, the total amount of money received from:
 1.         any director, or officer, of the Market Participant; and
 2.        any employee of the Market Participant.

Overseas Broker means a broker whose principal place of business is located outside Australia.

Total Deposits means:
 1.         in Rule 2.3.2, the sum of subparagraphs 2.3.2(2)(c)(i)–(xii); and
 2.        in Rule 2.3.3, the sum of subparagraphs 2.3.3(3)(c)(i)–(xii).

Total Futures Client Monies means the total amount of money received from Clients in respect of transactions in futures contracts, including amounts relating to futures contracts traded on any exchange.

Total Third Party Client Monies means Total Futures Client Monies less Director/Employee Monies.

Variation means Total Third Party Client Monies less Total Deposits.

2.3.2 Daily reconciliation of client funds

(1) A Market Participant must perform an accurate reconciliation, by 7.00 pm on the business day after the business 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 under Rule 2.2.6 and the corresponding balance as recorded in the Market Participant's accounting records.

(2) Each reconciliation referred to in subrule (1) must set out:
 1.         the date to which the reconciliation relates;
 2.        for both the day of the reconciliation and the prior day, the dollar amounts of:
        1.          Total Futures Client Monies;
        2.        Director/Employee Monies; and
        3.      Total Third Party Client Monies;
 3.         for both the day of the reconciliation and the prior day, the dollar amounts of:
        1.          Clients' Segregated Account at Bank;
        2.        Deposits with ASX Clear (Futures) Client Account;
        3.      Deposits with FEX Clearer Client Account;
        4.       Deposits with ASX Clear Client Account;
        5.        Deposits with a Clearing Participant of FEX;
        6.       Deposits with a Participant of ASX Clear (Futures);
        7.     Deposits with a Participant of FEX;
        8.   Deposits with a Participant of ASX Clear;
        9.       Deposits with a Participant of ASX 24;
       10.        Deposits with a Participant of ASX;
       11.       Deposits with an Overseas Broker; and
       12.     funds invested in accordance with section 981C(a) of the Corporations Act; and
       13.   Total Deposits;
 1.        the dollar amount of the Variation for both the day of the reconciliation and the prior day;
 2.         the percentage amount of the Variation for both the day of the reconciliation and the prior day;
 3.         an explanation of the reason for a Variation, if