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Glossary

Segregated client cross
When a clearing member enters into a client contract and the client chooses not to opt out of segregation.

One half of the purchase/sale is recorded in the member’s House account at the LCH and the other in its Client account at the LCH.  The clearing member’s funds are held in its house account by the LCH and the client’s funds are held in its client (segregated) account.

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