Past version: Effective up to 20 Jan 2013

If a Clearing Member defaults in fulfilling its obligations to CDP in accordance with the provisions of these Rules, the collateral maintained in CDP's account may be disposed of, without notice, in any manner deemed appropriate by CDP and the proceeds from the sale of the collateral shall be applied in accordance with Rule 8.6B.

Added on 23 January 200923 January 2009.