Where an event of default is due to:

(i) the insufficiency of the Collateral of any Relevant Market including a Participating Market, available to the Clearing House to fully meet the obligations of such Relevant Market and/or its clearing house to the Clearing House; or
(ii) the insolvency of the Relevant Market;

a default shall be deemed to have occurred in the class of Contracts that are listed for trading on the Exchange or the Relevant Market.

Added on 26 April 201326 April 2013 and Amended on 29 July 2022.