Past version: Effective from 26 Apr 2013 to 14 Sep 2017

Each Clearing Member indemnifies the the Clearing House and its directors, officers, employees, representatives and agents ("Indemnified Persons") against any loss or liability reasonably incurred or suffered by the Indemnified Persons where such loss or liability arose out of or in connection with:— any breach by the Clearing Member of its obligations under this Rules; or any wilful, unlawful, reckless or negligent act or omission by the Clearing Member.

Amended on 27 March 200627 March 2006 and 26 April 201326 April 2013.