When an Error Trade occurs:
(a) the Trading Member that caused the Error Trade must:
(i) inform SGX-ST of the Error Trade by telephone within 30 minutes from the time the Error Trade took place; and
(ii) without delay contact the counterparty Trading Member and seek its agreement to cancel the Error Trade; and
(b) both Trading Members must take all necessary steps to minimise any likely market impact caused by the Error Trade.