Rule 8 — Default Rules

CDP Clearing Rules

Rule Violation		Whether composition may be offered	Composition Amount which may be Offered by CDP, where CDP has Determined the Clearing Member to be Liable			Mandatory minimum penalty imposable by the DC
Rule Chapter/Number	Brief Description of Rule		1st Violation	2nd Violation	3rd Violation
Rule 8 — Default Rules
8.6B	Application of Margins and Collateral
8.6B.2	Clearing Member not to take any action or do anything that will interfere with CDP's ability to apply Contributions, margins or Collateral	Not Compoundable	Not Compoundable			$10,000
8.7	Certification of Net Sum Due
8.7.1	Clearing Member to make payment of net amount payable to CDP in respect of Clearing Member's rights and obligations under these Clearing Rules	Not Compoundable	Not Compoundable			$10,000
8.9	Clearing Members to Render Assistance
8.9.1	Defaulting Clearing Member to render all assistance and information, and to comply with all other requirements.	Not Compoundable	N.A.	N.A.	N.A.	$10,000