Past version: Effective up to 09 Dec 2018

The following rules apply to force-sales (whether effected under the normal timetable or under Rule 9.4.4):—

(1) A Trading Member has discretion as to the price, and volume put up for sale, at any time;
(2) A Trading Member need not give notice of the force-sale to the buying customer;
(3) A Trading Member is not liable to the buying customer for any loss or damage arising out of the exercise of its discretion; and
(4) A Trading Member may recover the losses and expenses incurred in the force-sale from the buying customer.