The Clearing Rulebook outlines the legal and operational framework that governs all clearing activity at Abaxx Clearing. It defines the rights and obligations of Clearing Members and Abaxx Clearing, and establishes rules to ensure risk is managed in a consistent and enforceable manner.

The Rulebook covers key areas such as:

• Collateral and margin arrangements
• Novation and substitution
• Settlement finality
• Default management and recovery

The Clearing Procedures define the operational requirements and processes related to the clearing and settlement services provided by Abaxx Clearing to its Clearing Members. These Procedures supplement the Clearing Rulebook and carry the same contractually binding obligations as defined within the Rules.

Topics addressed include:

• Margin and collateral operations
• Position management
• Delivery and settlement workflows
• Daily and end-of-cycle processes