7.04.3.1 in the case of trades made pursuant to Rule 7.27 (other than a Relevant Trade as defined in Rule 7.27.3), EFPs, EFSs and NLTs between Clearing Members, only as at the time of payment of the first maintenance margin and any Settlement Variation due for such trades pursuant to Rule 7.12 as confirmed by the appropriate settlement bank(s) for both Clearing Members; or

7.04.3.2 in the case of EFPs, EFSs and NLTs between a Clearing Member and a clearing member of any other Relevant Market (or its clearing house), only as at the time of payment of the first maintenance margin and any Settlement Variation due for such trades pursuant to Rule 7.12 as confirmed by the appropriate settlement bank for the Clearing Members and confirmation from such other Relevant Market (or its clearing house) that the requirements for its substitution have been met.