Clearing House

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The Clearing House stands as the commercial intermediary on every open transaction. It`s the central counterparty to all trades executed on UNITEX. Each contract traded on UNITEX results in two contracts with the Clearing House:

- one between the buying broker (brokerage firm) and the Clearing House as seller, and

- another between the selling broker (brokerage firm) and the Clearing House as a buyer.

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Novation of these contracts to the Clearing House as the central counterparty is critical in the mitigation of credit risk.