7.02B.3

Past version: Effective from 08 Nov 2012 to 16 Jul 2019

If a Clearing Member has not closed out all open Eligible Non-Relevant Market 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 Non-Relevant Market 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 and 8 November 20128 November 2012.