Effective August 10, 2011, CME, CBOT and NYMEX Rule 819. (Lien on Collateral) was adopted and became effective.
Existing CME, CBOT and NYMEX Rule 902.F provides that "[e]ach Clearing Member hereby grants to the Clearing House a first priority and unencumbered lien against all memberships required for clearing membership by the Exchange." Other rules in Chapters 8 and 9 address the Clearing House’s security interest in Clearing Member's guaranty fund and performance bond deposits but do not contain the express language as appears in Rule 902.F.
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