2.28.2D

Past version: Effective from 07 Aug 2012 to 29 Jun 2014

Notwithstanding Rule 2.28.2A, a resigning Clearing Member shall have no obligations in relation to any event of default, other than its own, occurring at or after such time that the following conditions have been met:

2.28.2D.1 the Minimum Notice Period has lapsed; and
2.28.2D.2 the resigning Clearing Member has no open positions in any Contract other than positions acquired in relation to an event of default occurring during the Notice Period, by way of:
a. an auction pursuant to Rule 7A.02.1.5.b; or
b. an assignment and transfer of residual OTCF Contracts pursuant to Rule 7A.02.1.5.c.

Added on 7 August 20127 August 2012.