Underlining indicates material proposed to be added.
Brackets indicate material proposed to be deleted.
Pledge Program RULE 614. Instructions to Pledge Positions shall be made in accordance with the procedures prescribed by the Corporation from time to time. An attempted revocation of Instructions to Pledge Positions received after the Corporation has acted on such instructions shall be deemed to be Instructions to Release Pledged Positions, and an attempted revocation of Instructions to Release Pledged Positions received after the Corporation has acted on such instructions shall be deemed to be Instructions to Pledge Positions. As promptly as practicable after receipt of Instructions to Pledge Positions, the Corporation shall act on such Instructions in ascending order of the Pledgees to which the long positions in a cleared security would be pledged, so that Instructions to Pledge Positions to the first Pledgee would be acted on first, Instructions to Pledge Positions to the second Pledgee would be acted on next, etc. Upon such release, the option shall cease to be a Pledged Cleared Security and the rights of the Pledgee with respect to such cleared security shall terminate.