| 1. | VASPs providing ETD Services must ensure that only ETD Clients can access and/or use the ETD Services. |
| 2. | VASPs providing ETD Services shall not expose any client who is not an ETD Client to any loss mutualisation that may originate from the ETD Services provided by the VASP. |
| 3. | VASPs providing ETD Services must ensure that only ETD Clients are required to contribute assets or funds to any Insurance Fund. |
| 4. | VASPs providing ETD Services must only use Virtual Assets and cash balances in the ETD Trading Account of an ETD Client as ETD Margin, in accordance with the terms of the ETD Services Agreement. |
| 5. | VASPs providing ETD Services must ensure that each client's ETD Trading Account is segregated from all other trading accounts of that client held with the VASP. |
| 6. | To the extent that a client's assets in any other account held with the VASP may be used to settle a client's liabilities in respect of ETD Services, including but not limited to where spot positions may be used to settle any liabilities owed by the client in respect of ETD Services, the VASP must—
| a. | provide full details of when such assets may be used to settle the client's liabilities in respect of ETD Services; and | | b. | obtain the client's explicit prior acknowledgement and consent to such risk prior to the client opening each ETD position, such consent cannot be provided on an ‘opt-out’ basis and must be an explicit prior acknowledgement and consent to such risk by the client. |
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