Rule 10 — Liabilities of CDP

Past version: Effective from 16 May 2011 to 14 Sep 2017

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 10 — Liabilities of CDP
10.2 Force Majeure
10.2.3 Clearing Member to notify CDP and any other relevant party upon the occurrence of any event of Force Majeure Not Compoundable Not Compoundable $10,000
10.6 Indemnity to CDP
10.6.2 Clearing Member to reimburse CDP for the specified payments Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A.
Clearing Member to render cooperation to CDP in respect of any legal, arbitration or other regulatory proceedings. Not Compoundable Not Compoundable $10,000

Added on 16 May 201116 May 2011.