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What is a Settlement Guarantee Fund (SGF)?

April 26, 2017fund guarantee SGF

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What is a Settlement Guarantee Fund (SGF)?

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For mitigating CCIL’s risk, members are required to contribute collateral to the Settlement Guarantee Fund in accordance with the policy laid down by CCIL from time to time. Currently, the contribution amount is a factor of the member’s NDC. The SGF contribution is payable in dollar funds.