6.7.1 Terminology

Past version: Effective up to 09 Dec 2018

For clarity under Rules 6.7 and 6.7A:—

"short Clearing Member" refers to the Clearing Member who fails to comply with the obligation set out in Rule 6.5.2A or has failed to deliver the securities on the Settlement Day in accordance with Rule 6.5.2; and

"selling Clearing Member" refers to the Clearing Member who has sold securities in the buy-in market.

Amended on 3 April 20083 April 2008 and 20 November 200920 November 2009.