TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

CLEARING FUND [1 record]

Record 1 1991-10-31

English

Subject field(s)
  • Investment
  • Stock Exchange
CONT

Were the [options] writer to default, the IOCC's "safety net" of margin requirements and clearing fund, to which all clearing members contribute, would be available to fulfil the writer's obligation.

OBS

The term "clearing fund" was found in a Montreal Exchange leaflet entitled "IOCC Gold Options.

French

Domaine(s)
  • Investissements et placements
  • Bourse
CONT

Si un vendeur d'options venait à manquer à ses obligations, les garanties et le fonds de compensation de l'IOCC, auquel contribuent tous les membres, seraient utilisés pour remplir les obligations du vendeur en faute.

OBS

Le terme «fonds de compensation» est tiré d'un dépliant préparé par la Bourse de Montréal qui s'intitule «Options IOCC sur l'or».

Spanish

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