Whole Section

  • 7.11 Resignation

    • 7.11.1

      A Clearing Member who is required to make any payment to the Clearing Fund pursuant to Rule 7.10, may resign in accordance with Rule 3.10 to CDP after settlement of such payment.

    • 7.11.2

      From the date of receipt by CDP of the resignation notice, such Clearing Member's aggregate liability to make payment into the Clearing Fund by reason of events occurring before the termination of its status as a Clearing Member shall not exceed an amount equal to its required Contribution at the date of the resignation notice, plus 2 times such amount.