Rule 10 — Liabilities

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
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
10.6.2 Clearing Member to reimburse the relevant Indemnified Person 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 the relevant Indemnified Person in respect of any legal, arbitration or other regulatory proceedings. Not Compoundable Not Compoundable $10,000

Added on 16 May 201116 May 2011 and amended on 15 September 201715 September 2017.