1. 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. 2. A CCP shall make available to the public key aspects of its default procedures, including:
(a)((a)) the circumstances in which action may be taken;
(b)((b)) who may take those actions;
(c)((c)) the scope of the actions which may be taken, including the treatment of both proprietary and client positions, funds and assets;
(d)((d)) the mechanisms to address a CCP’s obligations to non-defaulting clearing members;
(e)((e)) the mechanisms to help address the defaulting clearing member’s obligations to its clients.