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🔗 Back to Summary. 🇫🇷 French Version: 2018R1229_FR.33. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 32 – Calculation of the cash compensation ⬅️ | ➡️ Article 34 – Payment of the costs of the buy-in
Article 33 - Payment of the cash compensation
1.
For transactions cleared by a CCP, the CCP shall collect the cash compensation from the failing clearing members and pay the cash compensation to the receiving clearing members.
2.
Where transactions have not been cleared by a CCP but executed on a trading venue, the failing trading venue members shall pay the cash compensation to the receiving trading venue members.
3.
Where transactions have not been cleared by a CCP and have not been executed on a trading venue, the failing trading parties shall pay the cash compensation to the receiving trading parties.