A buying customer must look only to the Trading Member, who executes the trade, in relation to all obligations in connection with that trade, including delivery of securities or in the case of a deliverable futures contract, the relevant underlying. A buying customer must pay the Trading Member who executes the trade.

Amended on 3 April 20083 April 2008, 23 January 200923 January 2009 and 8 October 20188 October 2018.