Clearing and Settlement
Clearing ensures that the trades are settled in accordance with the Exchange rules. Settlement involves the payment / receipt of funds or delivery to fulfill the contractual obligations.
- Collaterals (towards Margins)
Clearing Members can provide collaterals in the form of cash towards additional margin in US Dollars and in Mauritian Rupees (which are utilised towards margins).
- Clearing Members can increase or release the additional deposits by forwarding a duly completed request instruction to Bourse Africa Clear Ltd in the prescribed format.