Any delivery default under the relevant Contract Specifications may constitute a major offence.

Added on 22 September 200622 September 2006.

Without prejudice to Rule 6.03.1, the Clearing House may take such disciplinary action including imposing penalties in connection with the performance of Delivery Obligations as provided for under the relevant Contract Specifications. For the avoidance of doubt, penalties which the Clearing House may impose shall include penalties for any delivery default or late performance of any Delivery Obligation.

Added on 1 October 20091 October 2009.