If the margin held by an exchange falls below the maintenance margin, and the affected party does not IMMEDIATELY take necessary steps to rectify the deficit, the exchange is entitled to take the following action:

a. Make a second and final demand that within 14 days enough cash funds or collateral if provided to the exchange such that the margin value held by the exchange equals (or exceeds) the initial margin

b. Issue a second and final notice that prior to the maturity of the contract enough cash funds or collateral to the exchange such that the margin value held by the exchange equals (or exceeds) the initial margin

c. Make a second and final demand for enough cash funds or collateral to the exchange such that the margin value held by the exchange equals (or exceeds) the initial margin

d. Issue a second and final warning that unless additional margin is provided, that the exchange will close the position without further notice

e. Immediately close the position in order to prevent any further loss