The clearing house is a self-regulating organisation, its operational rules (e.g. conditions for clearing membership) are defined in the internal regulations, which can only enter into force with the approval of the Supervisory Authority. The financial asset required as a pledge for the fulfilment of the transactions in the way and to the extent defined by the regulation of the organisation acting as a clearing house, and recorded separately on the clients’ accounts managed by the clearing house and the central depository, serves as collateral for the fulfilment of the transactions. In the case of default by the client of the organisation acting as a clearing house, all the financial assets owned by the client and recorded at the organisation acting as a clearing house or the central depository serve as collateral for the fulfilment of the transaction.