Fia Electronic Give-Up Agreement System

September 20th, 2021

Bivlateral vs. Give Ups: Some futures contracts, such as blocks and EFRs, are executed bilaterally and entered into an exchange system (for example. B clearport or ICE block). These are not necessarily give-up transactions. The client`s clearing house enters boundaries directly into Clearport or ice-Block and may, at the request of the client of another company mandated by the client (either as a broker or in return), give permission to enter trading into the account. If the trade exceeds the limits set by the clearing house, it is rejected. Therefore, this type of transaction is a bilateral transaction submitted for clearing pursuant to Rule 1.73(a)(2)(iii) of the CFTC and not a pooling transaction, as discussed in Rule 1.73(a)(2)(iv). The clearing house has limits in Clearport or ICE Block and transactions exceeding these limits are rejected. .

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