With regard to transfers of positions from a defaulted or suspended Clearing Member to another Clearing Member designated by the Clearing House, pursuant to Rule 7A.02.1.1, the Clearing House shall be substituted only as at the time of payment of the first maintenance margins and any Settlement Variation due for such trades pursuant to Rule 7.12 as confirmed by the appropriate settlement bank for the designated Clearing Member.

Added on 7 August 20127 August 2012.