1. If it becomes evident to the Unit by 09:00 a.m. on T+7 that the defaulting broker has failed to pay the balance referred to in Article (31-5) of this Resolution and that the Guarantee Fund balance is insufficient, the Exchange shall immediately require all participating brokers to inject funds into the Guarantee Fund account, in addition to notifying the Settlement Bank to enter all amounts received into the Guarantee Fund account.

2. The Unit shall determine the amount required to be transferred by each broker according to paragraph (1) above to the Guarantee Fund account, in accordance with the following formula:

Total net value (balance) _________________________________________ Number of brokers - Number of defaulting brokers

3. The Unit shall, immediately upon calculation of the amounts to be transferred to the Guarantee Fund account, send a written notification to all participating brokers fixing the amount payable by each broker and the method used in the calculation of the amount. The participating brokers shall issue instructions to the Settlement Bank to deposit the said amounts in the Guarantee Fund account, no later than the day following the said notification date.