Dealing as Principal. In all dealings with LCH, Clearing Members shall be required to act as principals and the IPE shall make it a provision of the IPE Regulations that all IPE Contracts entered into in accordance with the IPE Regulations shall be made by an IPE Member as a principal with any other IPE Member, and not as agent.
Appears in 2 contracts
Sources: Clearing Services Agreement (Intercontinentalexchange Inc), Clearing Services Agreement (Intercontinentalexchange Inc)