Each Clearing Member except in the case of a Bank Clearing Member or a Remote Clearing Member, shall immediately notify the Clearing House when any Customer Account and any House Account is under-margined by an amount which exceeds its aggregate resources, except that no notification is required for the Clearing Member's own proprietary House Accounts.

Amended on 27 March 200627 March 2006, 10 August 200710 August 2007 and 22 April 201922 April 2019.

Each Bank Clearing Member or Remote Clearing Member shall immediately notify the Clearing House when required to do so by the Clearing House when any Customer Account and any House Account is under-margined by such amount as may be determined by the Clearing House.

Added on 27 March 200627 March 2006 and amended on 10 August 200710 August 2007 and 22 April 201922 April 2019.

For the purpose of this Rule 2.27, the full amount of qualifying letters of credit deposited pursuant to Rule 2.07 or 2.08C above shall be taken into account for the calculation of aggregate resources.

Amended on 10 August 200710 August 2007.

Failure to comply with such requirement shall be a major offence.