The flowchart contains, at the lower level, eight small rectangular boxes in light grey, representing the role of the customer in the chain of responsibilities. Two of these small boxes are connected to one large rectangular light grey box, and six of these small boxes are connected to three large rectangular dark grey boxes, disposed one level up in the flowchart, representing the roles of the Settlement Participant and of the Full Trading Participant, respectively, in the chain of responsibilities. The Settlement Participant's box and the Full Trading Participant's boxes are connected to three large rectangular light blue boxes, disposed one level up in the flowchart, representing the Clearing Member's role in the chain of responsibilities. Finally, the Clearing Member boxes are connected to a large rectangular dark blue box, disposed one level up in the flowchart, representing the role of B3 Clearinghouse in the chain of responsibilities, being this the last existing level. On the right side of the flowchart there is an image of a grey arrow (which is pointing up and down), with the caption “Chain of Responsibilities” vertically disposed on the right side of the arrow image. Below the flowchart there is a link to the B3 Clearinghouse Risk Management Manual.
The participant is responsible for those that provides the clearinghouse. The participants’ structure defines the chain of responsibilities for the processes of the clearinghouse such as settlement processes and collateral movements.
