1.A CCP shall publicly disclose the general principles underlying its models and their methodologies, the nature of tests performed, with a high level summary of the test results and any corrective actions undertaken.
2.A CCP shall make available to the public key aspects of its default procedures, including:
(a)
the circumstances in which action may be taken;
(b)
who may take those actions;
(c)
the scope of the actions which may be taken, including the treatment of both proprietary and client positions, funds and assets;
(d)
the mechanisms to address a CCP’s obligations to non-defaulting clearing members;
(e)
the mechanisms to help address the defaulting clearing member’s obligations to its clients.