Bahrain Bourse (BHB) Material: Contents

Bahrain Bourse (BHB) Material
BHB Guarantee Contribution Fund Resolution
Article (10) Allocation of Interest
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Article (10) Allocation of Interest

10.1 The Settlement Bank shall calculate the portion of interest earned on the Guarantee Fund's investments or deposits, according to the terms agreed with the BSE. Such interest shall accrue to Participants at least annually and in proportion to the amount and time that such Participant's contribution has been deposited with the Guarantee Fund account.
10.2 Charges and fees arising from the Guarantee Fund's management shall be allocated by the Settlement Bank to individual Participants upon the CSU's instructions, in proportion to the amount of a Participant's contributions to the Guarantee Fund account, and shall be compensated with the interest earned.
10.3 The CSU shall promptly notify the Participants in respect of any interest on funds invested and charges of the costs of managing the Guarantee Fund, and in respect of payment or accrual of such amounts respectively.
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