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Article (13) Insufficiency of the Guarantee Fund's Amount

13.1 If the Guarantee Fund's amount is not sufficient for the settlement of the Participant's money obligations, the following shall apply:
13.1.1 In the case where the Settlement Bank informs the CSU on Settlement Day (T+2) not later than 09:45 hours that the total amount of cleared funds received into the BSE's clearing account is lower than the total amount of net to pay balances of all Participants, the CSU shall immediately instruct the Settlement Bank to activate the Guarantee Fund account.

In such case, the Settlement Bank shall also inform the CSU which Participant(s) have failed to credit the net to pay amount into the BSE's clearing account.
13.1.2 In the case of activation of the Guarantee Fund account, the CSU shall immediately instruct the Settlement Bank:
13.1.2.1 To debit the Guarantee Fund account for the amount of the deficiency;
13.1.2.2 To credit the BSE's clearing account for the amount of the deficiency;
13.1.2.3 To send the CSU an invoice specifying all related expenses, interest and fees for effecting the Guarantee Fund account after full payment has been made by the defaulting Participant.
13.2 In the case referred to in sub-Article (13.1.2) above, the CSU shall immediately on Settlement Day (T+2) not later than 09:50 hours:
13.2.1 Suspend the defaulting Participant from the services and activities related to trading, clearing and settlement functions;
13.2.2 Disable the defaulting Participant's employees from using the CSDR's log-on identification code;
13.2.3 Send the defaulting Participant a message through the CSDR system regarding the suspension of the services and amounts due to be paid by him;
13.2.4 Send the defaulting Participant a written notice, including information regarding:
13.2.4.1 The amount of deficiency;
13.2.4.2 Settlement Bank expenses and interest for activating the Guarantee Fund account;
13.2.4.3 BSE expenses for activating the Guarantee Fund account;
13.2.4.4 The amount of surcharge on a Participant for the violation of the BSE's regulations;
13.3 For the purpose of suspending the defaulting Participant from the BSE's trading activities, the CSU shall immediately inform the Trading and Members Affairs Unit by telephone call and through the BSE's internal electronic mail system thereafter, to disable the defaulting Participant's employees from using the BATS log-on identification code, before the trading starts (09:50 hours).
13.4 The CSU shall order the defaulting Participant to replenish the deficiency in the Guarantee Fund's account. The defaulting Participant shall instruct the Settlement Bank to credit the Guarantee Fund account with the total amount due to pay, as per the notice from the CSU.
13.5 After receiving the confirmation from the Settlement Bank that the total amount due for payment is credited to the Guarantee Fund account, the BSE shall reinstate the trading, clearing and settlement services to the defaulting Participant. For that purpose, the CSU shall enable the defaulting Participant's employees to use the CSDR System log-on identification code, and inform (in writing) the BSE's Trading and Members Affairs Unit, to enable them to access the system once more.