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17.3.5

A Trading Member may, without notice to the borrower, realise the collateral and apply the proceeds to buy back Specified Products to close off the loan position if:

(1) the borrower does not provide the additional collateral by the close of the second Market Day from the date of notice; or
(2) the collateral value falls below 100% of the market value of the loaned Specified Products, whichever occurs earlier.

Amended on 8 October 20188 October 2018.