Past version: effective from 21/10/2015 - 20/10/2015
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The process referred to in Rule 4.7.14 must:
(a) enable a Recognised Clearing House to effectively measure, monitor, and manage its risks and exposures effectively;
(b) enable a Recognised Clearing House to identify sources of credit risk and routinely measure and monitor its credit exposures; and
(c) use appropriate risk management tools or margin and other prefunded financial resources to control the identified credit risks.