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ID Net transactions will be used to offset the balance of any other CNS transactions, and the “net” of those transactions will be used for purposes of determining Clearing Fund obligations pursuant to NSCC’s current procedures, subject to a revised mark-to-market calculation applicable to ID Net Firms.

ID Net transactions will receive their own separate mark-to-market (MTM) calculation. This ID Net MTM total will be added to each member's daily clearing fund requirement.