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1.—(1) A listed person must have default rules which, in the event of a person appearing to be unable to meet his obligations in respect of one or more money market contracts or related contracts, enable action to be taken in respect of all unsettled money market contracts and all related contracts to which he is a party.
(2) The rules may authorise the taking of the same or similar action where a person appears to be likely to become unable to meet his obligations in respect of any one or more money market contracts or related contracts.
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