1. To secure payment of the net payable balance amount due from the defaulting broker, the Exchange may dispose of all or part of securities purchased by the defaulting broker, provided that the right of disposal shall be retained by the Exchange until such time when the defaulting broker shall pay his obligations for the settlement of the relevant transaction.

2. The proceeds of resale of purchased securities shall be transferred to the Exchange's operating account and the Unit shall, upon receipt of such amount, issue instructions to the Settlement Bank to deduct the amount pertaining to the proceeds of sale of the purchased securities from the Exchange's operating account and credit the amount, after deduction of any commission, cost or expense due to the Exchange and the Settlement Bank.