The Central Clearing shall exercise the following competences: 1. To determine the fees and commissions levied by it for the services rendered thereby. 2. To assume the position of the contracting counterparty for all transactions executed in the Market, thereby guaranteeing settlement thereof. 3. To determine the net rights and obligations of a Central Clearing member and its legal position arising from its transactions executed in the Market. 4. To determine the guarantees of the Central Clearing member and to have recourse thereto in satisfaction of its obligations. 5. Any other competencies in accordance with this Decree by Law, the Relevant Legislation in the State, and the resolutions issued by the Authority.
Interpretation and application must be checked against the official text and current version.