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2.12.3

A Direct Clearing Member can, subject to the Rules and/or unless otherwise notified by the Clearing House:—

2.12.3.1 clear only its own trades and the proprietary trades of its related corporations; and
2.12.3.2 by its Clearing Membership with the Clearing House participate in the clearing system established and maintained by the Clearing House to clear Contracts.

Added on 10 August 200710 August 2007.