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Up to Apr 30 2014May 1 2014 onwards

Rule 296 Liquidation of Securities Loans and Borrowings

This rule is no longer applicable.

(b) Transactions With Non-Member Organizations
/01 Written Agreements

For purposes of repurchase and reverse repurchase transactions not subject to Rule 15c3-3 under the Securities Exchange Act of 1934, a confirmation issued by a member organization pursuant to Rule 10b-10 of such Act that sets forth a right to liquidate the transaction because of a condition of the kind specified by Rule 296(a) will satisfy the requirement of a written agreement under Rule 296(b).

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