News File
TIFFE introduced Segregation of Customer Funds
(Nov 30, 1998)
On 30th November 1998, TIFFE starts the Segregation scheme for Customer Funds in order to strengthen customer protection.
Due to the introduction of the Segregation scheme, TIFFE has established a new rule for thorough Customer Funds protection as below.
With the launch of the above new scheme and the TIFFE-SPAN* margin system introduced in April 1996, TIFFE takes a significant step forward by bringing its margin systems in line with global standards.
*TIFFE-SPAN calculates margin requirements exclusively on the basis of overall portfolio risk. SPAN* is a standard margin system of major exchanges throughout the world.
*SPAN® is a registered trademark of the Chicago Mercantile Exchange used herein under license. The Chicago Mercantile Exchange assumes no liability in connection with the use of SPAN by any person or entity.
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Due to the introduction of the Segregation scheme, TIFFE has established a new rule for thorough Customer Funds protection as below.
- Abolishment of margin netting between different customers
- Segregation between customer funds and member's own property
- Reinforced protection in case of member's bankruptcy
With the launch of the above new scheme and the TIFFE-SPAN* margin system introduced in April 1996, TIFFE takes a significant step forward by bringing its margin systems in line with global standards.
*TIFFE-SPAN calculates margin requirements exclusively on the basis of overall portfolio risk. SPAN* is a standard margin system of major exchanges throughout the world.
*SPAN® is a registered trademark of the Chicago Mercantile Exchange used herein under license. The Chicago Mercantile Exchange assumes no liability in connection with the use of SPAN by any person or entity.
