Clearing Agreement Template for Nigeria

1. Segregation of Accounts: Optional section for agreements requiring separate client account structures

2. Cross-Border Provisions: Required when clearing involves international transactions

3. Electronic Trading Systems: Needed when specific electronic trading platforms are used

4. Sub-clearing Arrangements: Required when allowing for sub-clearing relationships

5. Special Market Requirements: Needed for specific market segments (e.g., derivatives, securities)

6. Insurance Requirements: Optional section specifying additional insurance requirements

7. Data Protection: Required when handling personal data or when dealing with international clients

1. Schedule 1 - Fee Schedule: Detailed breakdown of all fees and charges

2. Schedule 2 - Eligible Products: List of products/securities eligible for clearing

3. Schedule 3 - Margin Calculation Methodology: Detailed explanation of margin calculation

4. Schedule 4 - Operating Procedures: Detailed operational procedures and timelines

5. Schedule 5 - Required Documentation: List of required documentation and forms

6. Schedule 6 - Contact Details: Key contacts for both parties

7. Appendix A - Risk Disclosure Statement: Standard risk disclosures required by Nigerian regulations

8. Appendix B - Default Fund Contribution: Details of default fund contributions if applicable