Introductory note:
The following Q&A responds to a series of questions asked by members regarding the default event on September 11 (please see attachment). It is being published as a matter of information for other Nasdaq Clearing members and should be read in conjunction with previously issued market notices describing the default.
The information contained in these responses is:
• intended for Nasdaq Clearing members only;
• intended for general guidance only; and
• is not represented to be complete. In relation to this Nasdaq Clearing is required to operate within the scope of applicable laws and regulatory requirements, which include adherence to contractual obligations, confidentiality and other restrictions on disclosure of information as apply to it. In compliance with this, Nasdaq Clearing has answered the questions exercising its best efforts disclosing the information attached.
