1. If any participating broker fails to pay the net balance amount due from him to the Exchange at 09:30 a.m. on settlement day (T+2), the shortfall shall be deducted from the Guarantee Fund account and shall be paid to the Exchange's clearing account.

2. If the unsatisfied obligations in connection with the net payable balance amount exceed the broker's contribution, the shortfall shall be proportionately distributed amongst other contributors to the Fund, based on the proportion of their respective contributions and the said amount shall be deposited in the Unit's clearing account.

3. The participating broker who fails to pay the net payable balance amount due from him, shall be liable to the Exchange to repay the amount charged to the Guarantee Fund account and all costs associated with the use of the Guarantee Fund as may be determined by the Exchange.

4. If the participating broker fails to pay the net payable balance amount due from him by 09:30 a.m. on the settlement day, the Exchange may suspend the provision of the following services to the defaulting broker, and the suspension of such services shall continue until payment of the amount mentioned in paragraph (2) above.