P132

Formal title: Redefinition of Credit Cover Requirements to account for Reconciliation Charges

Current Status

Submission
Initial Written Assessment
Assessment Procedure
Report Phase
With Authority
Awaiting Implementation
Implemented

Summary

P132 seeks to amend the rules for the calculation of Minimum Eligible Amount to take account of the potential charges arising from reconciliation amounts (which would include Trading Disputes and Past Notification Errors).

Progression

The BSC Panel recommended that the Proposed Modification should not be made. The Authority rejected the Proposed Modification on 18 March 2004.

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