1. The liquidity reserve account shall be used where the value of the transaction exceeds the permissible trading limit for any broker, according to the formula provided for in Article (11) of the Resolution No. 4/2000 on the Establishment of the Guarantee Contribution Fund, provided that the value of the relevant transaction shall not exceed the Guarantee Fund balance at the time of the application.

2. The broker, who wishes to increase his permissible limit of trading according to Article (11) of Resolution No. 4/2000 on the Establishment of the Guarantee Fund, shall submit an application to the designated official at the Exchange, and the Exchange may accept or reject the application at its own discretion.

3. The Exchange may, on reviewing the application submitted by the participating broker, give sufficient consideration to the factors provided for in Articles (3-11) of the Resolution No. 4/2000 on the Establishment of the Guarantee Contribution Fund, and in the event of rejection of the application, the Exchange shall notify the broker of the reasons for the rejection.

4. The broker shall, upon acceptance of his application, deposit the total value of the transaction in the liquidity reserve account not later than 09:30 a.m. on (T+1).

5. The broker shall be deemed to have failed to pay the value of the transaction on the liquidity reserve account by 09:30 a.m. on T+1, if no confirmation is received by the Unit from the Settlement Bank, stating that the broker has paid the claimed amount to the liquidity reserve account at the time fixed by Article (4) above.

6. The Exchange may prevent the participating broker who fails in the payment of the value of the transaction in the liquidity reserve account by 09:30 a.m. on T+1 from entering the Trading Floor, suspend the trading, clearing and settlement services provided to such broker, and may order the sale of the purchased shares through any other broker on T+2.

7. In the event of application of paragraph (6) above, the procedures for the sale of shares provided for in Article (31) above shall be followed.