Article 26 (Give-up)
1. “Give-up” shall refer to the case where the whole or part of a trade concluded by a Trade
Members, etc. (hereinafter, and through Article 28-3, referred to as the “Executing Trade
Members, etc.”) is given up to another Trade Members, etc. (hereinafter, and through Article
28-3, referred to as the “Clearing Trade Members, etc.”), after said trade has been
concluded in accordance with the provisions of Article 19, as a trade concluded by the
Clearing Trade Members, etc. (excluding cases provided for in the preceding article).
2. The trade concluded under the name of the Executing Trade Members, etc., as provided for
in the preceding paragraph, shall be voided provided that the Exchange receives a Take-up
Application, as prescribed in Article 28, and a new trade with terms identical to those of the
voided trade is concluded under the name of the Clearing Trade Members, etc..
3. Trade Members, etc. who intend to do Give-up provided for in Paragraph 1 shall satisfy the
requirements prescribed by the Give-up Detailed Rules, conclude a give-up agreement
between the Executing Trade Members, etc. and the Clearing Trade Members, etc., and
require prior approval of the Exchange.