No specified limit check model is defined. Limit checks for the party will be based on parameters defined.
A pre-trade credit limit check model which allows trades to occur until it is determined by the clearinghouse or other designated limit checker that the party's limit(s) was breached by the most recent trade executed.
A pre-trade credit limit check model which requires the execution venue to obtain limit approval from the Credit Provider for every transaction about to be conducted by the Credit User.
A pre-trade credit limit check model in which the Credit Provider pushes to the execution venue the credit limit information allocated to each of the Credit Provider's counterparty or customer.