Upon such breach under Rule 8.1.2, CDP shall be entitled to take such administrative or operational action as is necessary to manage the default, including to transfer securities from the Defaulting Clearing Member’s Clearing Account to a different Securities Account in the name of the Defaulting Clearing Member.

Added on 22 April 201322 April 2013 and amended on 10 December 201810 December 2018 and 6 September 2021.