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7A.01A.2G Application of the Clearing Member Connect Layer Contribution Requirement

Where the Clearing House Connect First Loss Contribution has been exhausted and there are residual losses outstanding, the Clearing Member Connect Layer Contribution Requirement will be applied to cover the losses. The Clearing Members’ liability for the residual loss will be on a pro-rata basis, calculated based on their respective contribution requirement.

Added on 29 July 2022.