Status: You are viewing the version of the handbook as on 2016-10-03.

approved collateral

    4any form of security for the discharge of any liability arising from a contingent liability investment (other than a guarantee) which:

      1. (a) (in relation to an on-exchange transaction) is acceptable under the rules of the relevant exchange or clearing house; and
      1. (b) (in relation to an OTC transaction) would be acceptable for a similar transaction to the relevant exchange or clearing house.