Rule 6 — Clearing and Settlement

Rule Violation Whether composition may be offered Composition Amount which may be Offered by CDP, where CDP has Determined the Clearing Member to be Liable Mandatory minimum penalty imposable by the DC
Rule Chapter/Number Brief Description of Rule 1st Violation 2nd Violation 3rd Violation
Rule 6 — Clearing and Settlement
6.4 Settlement of Payment Obligations
6.4.1 Clearing Member to pay CDP the Final Settlement Balance during prescribed time Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A.
6.6A [deleted]
[deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted]
6.8 [deleted]
6.8.2.2 [deleted] [deleted] [deleted] [deleted] [deleted] [deleted]
6.8.3 [deleted] [deleted] [deleted] [deleted] [deleted] [deleted]

Added on 16 May 201116 May 2011 and amended on 21 January 201321 January 2013 and 29 July 201329 July 2013.