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Past version: Effective up to 07 Nov 2012

7.02B.1

The Clearing House shall be entitled to withdraw any class of Eligible Non-Relevant Market Contracts for clearing at its discretion. The Clearing House will give the Clearing Members reasonable notice where possible, before such withdrawal.

Added on 27 March 200627 March 2006 and amended on 3 November 20103 November 2010, 8 November 20128 November 2012 and 17 July 201917 July 2019.

7.02B.2

The Clearing House shall have the sole discretion to disallow the registration or substitution, as the case may be, of:

a. a Non-Relevant Market Transaction, other than a closing-out contract after it has given notice to withdraw the clearing of any class of Eligible Non-Relevant Market Contract which the transaction falls under.
b. [deleted]

Added on 27 March 200627 March 2006 and amended on 3 November 20103 November 2010, 8 November 20128 November 2012, 19 September 201619 September 2016 and 17 July 201917 July 2019.

7.02B.3

If a Clearing Member has not closed out all open Eligible Non-Relevant Market Contracts novated with the Clearing House in its name pursuant to Rule 7.04 after the Clearing House has given such notice, the Clearing House shall, at its sole discretion, be entitled to:

7.02B.3.1 liquidate any or all of such Eligible Non-Relevant Market Contracts and require such contracts to be cash settled at a price determined by the Clearing House; or
7.02B.3.2 postpone the withdrawal date until such time as the Clearing House determines.

Added on 27 March 200627 March 2006 and amended on 3 November 20103 November 2010, 8 November 20128 November 2012 and 17 July 201917 July 2019.