Past version: Effective from 19 Aug 2022 to 06 Aug 2012

All costs and expenses sustained by the Clearing House in connection with any steps which are or may be taken by the Clearing House pursuant to Rule 2.31.1, including losses incurred from authorized hedging transactions and the unwinding of such hedging transactions, shall be charged to the account of the defaulted Clearing Member.

Added on 27 March 200627 March 2006.