• Assures the financial integrity of the market.
• Matches trades and facilitates the flow and transfer of funds.
• Provides a mechanism for delivery or cash settlement.

The clearing house has the function of a guarantor. Within certain limits, the clearing house guarantees:

a) the correct functioning of the trading process.
b) a fair trading environment.
c) the repayment of all option premiums upon maturity.
d) the protection of clearing members against the default of a counterpart to their positions.

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