Each Clearing Member shall indemnify and hold the Clearing House harmless for the full amount of any judgement or settlement paid by the Clearing House in respect of any legal proceeding brought against the Clearing House as a result of an alleged violation of any laws or this Rules by such Clearing Member or as a result of an alleged failure of the Clearing House to detect, prevent, or otherwise act against such alleged violation.

Amended on 27 March 200627 March 2006.