7.12.1

Past version: Effective up to 02 May 2011

Subject to the provisions of this Rule, if any amount paid out of the Clearing Fund pursuant to Rule 7.8 and in accordance with Rule 7.9 is subsequently recovered by CDP in whole or in part, CDP shall credit the amount so received to the Clearing Fund in the reverse of the Order in which it was paid out. Where Contributions by Clearing Members had been paid out of the Clearing Fund, the amount so received for the relevant Stage of the Order shall be paid back to such Clearing Members in the Proportion, provided that if any Clearing Member has not paid any part of the moneys required to be paid into the Clearing Fund pursuant to Rule 7.10, such Clearing Member's Proportion of such amount shall be paid first into the Clearing Fund together with any interest accruing thereon from the date such amount was due to date of actual payment of such amount, and any excess shall be paid back to such Clearing Member. Where CDP Contribution has been paid out of the Clearing Fund, the amount so received shall be paid towards CDP Contribution and not to CDP.