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Saturday, 24 August 2013

Failure of trading members’ terminal in stock market

In the event of failure of Trading Members’/Participants’ workstation and / or the loss of access to the trading system, the F&O Segment of the Exchange may at its discretion undertake on behalf of the Trading Member/Participant (although not guarantee) to carry out the necessary functions which the Trading
Member/Participant is eligible on a valid request from such Trading Member/Participant subject to such terms and conditions which the F&O Segment of the Exchange may deem necessary to be imposed.

The F&O Segment of the Exchange shall entertain such request only if such request is made in writing in a
clear and precise manner by the Trading Member and in a manner as specified by the F&O Segment of the Exchange. The Trading Member/Participant shall be accountable for the functions executed by the F&O Segment of the Exchange on their behalf and shall indemnify the F&O Segment of the Exchange against any
losses or costs arising out of the above situation.
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