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This application form is to be completed by entities seeking admission as a Clearing Participant of Bursa Malaysia Securities Clearing Sdn Bhd. It requires details about the applicant\'s business nature, operational capability, financial status, and other relevant information to support the application.
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An application as a clearing participant refers to a formal request submitted by an entity seeking to become a clearing member of a clearinghouse, which facilitates the clearing and settlement of financial transactions.
Entities that wish to clear trades through a clearinghouse, such as broker-dealers, banks, or financial institutions, are generally required to file an application as a clearing participant.
To fill out an application as a clearing participant, one must provide detailed information about the entity, its financial status, risk management procedures, and compliance with regulatory requirements, typically following a specific format provided by the clearinghouse.
The purpose of the application as a clearing participant is to enable the clearinghouse to assess the applicant's financial health, regulatory compliance, and ability to manage risk, ensuring the integrity and efficiency of the clearing process.
The application must report information such as the entity's legal and operational structure, financial statements, capital requirements, liquidity management procedures, risk assessment methodologies, and historical trading activity.
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