The Clearing Member may take actions as it deems appropriate, without giving notice to the customer, to reduce its exposure to the customer. Such actions may include liquidating all or such part of the customer's collateral deposited with the Clearing Member, or taking action to offset all or such part of the customer's positions. CDP may also order such Clearing Member to immediately take such action to offset all or such part of the positions of the customer to rectify the deficiency.

Added on 23 January 200923 January 2009.