Upon the commencement of a new Relevant Period, regardless of the Stage of the Order from which the last payment out from the Clearing Fund was made in the previous Relevant Period, the first drawing on the Clearing Fund in the new Relevant Period shall revert to the first Stage of the Order in Rule 7.9.1(1) and the subsequent Stages of the Order shall follow accordingly, provided always that subject to Rule 7.12, CDP shall not be required to top up the CDP Contribution, once paid out in full. Nothing in this Rule prevents CDP from topping up the CDP Contribution, in such amounts as CDP may determine, during any Relevant Period or upon the commencement of a new Relevant Period.

Amended on 3 May 20113 May 2011