Past version: Effective up to 07 Nov 2012
If a Clearing Member has not closed out all open Eligible OTC Contracts or Eligible OTCF Contracts, as the case may be, 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 OTC Contracts or Eligible OTCF Contracts, as the case may be, 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.